Italeaf S.p.A. reported consolidated and parent earnings results for the first quarter ended March 31, 2018. For the quarter, the parent company reported revenue from sales and services of EUR 763,050 compared to EUR 918,092 a year ago. EBITDA was EUR 360,744 compared to EUR 243,456 a year ago. EBIT was EUR 218,987 compared to EUR 90,443 a year ago. EBT was EUR 6,054 compared to LBT of EUR 139,302 a year ago. Net profit for the period was EUR 41,022 compared to EUR 4,698 a year ago. Net asset value as of March 31, 2018 was EUR 1.32 per share. For the quarter, on a consolidated basis, the company reported revenues of EUR 7,205,440 compared to EUR 28,858,080 a year ago. Operating loss was EUR 1,351,723 compared to operating profit EUR 1,237,253 a year ago. Net loss before taxes was EUR 3,378,684 compared to EUR 4,358 a year ago. Net loss for the period was EUR 2,678,628 compared to net profit for the period EUR 271,134 a year ago. Basic and diluted loss per share was EUR 0.081 compared to EUR 0.127 a year ago. Net cash flow used in operating activities was EUR 477,258 compared to net cash flow generated by operating activities EUR 3,154,262 a year ago. Investments in tangible fixed assets was EUR 714,322 compared to EUR 1,860,399 a year ago.