Italeaf S.p.A. reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported Revenues totaled EUR 8.5 million. The decrease compared to the first quarter of 2017 of EUR 29.9 million is mainly attributable to the presence in the previous quarter of approximately EUR 19.9 million in turnover related to the Energy Management activity (purchase and sale of natural gas). This activity was suspended as from the end of the first half of 2017, as explained in more detail in the 2017 Annual Financial Report. Revenues as at March 31, 2018 were mainly attributable to the activities of the companies Softeco Sismat Srl and Selesoft Consulting Srl, which contributed for approximately EUR 4.5 million to Group revenues, and to the activities of the Asset SBU for approximately EUR 2.3 million. The remaining part of the turnover mainly refers to O&M activities (management and maintenance) carried out on photovoltaic plants in Italy and South Africa. EBITDA amounted to EUR 1.5 million against EUR 3.4 million as at 31 March 2017. The Net Operating Loss (LBIT) amounted to EUR 0.9 million against EUR 1.4 million as of 31 March 2017, after amortisation/depreciation, provisions and write-downs of EUR 2.5 million against EUR 2 million in total as of 31 March 2017. This was mainly influenced by the line-by-line consolidation of Energia Alternativa and Solter from 12 March 2018. The Net loss amounted to EUR 2.4 million against EUR 0.2 million as of 31 March 2017, while the loss before taxes (LBT) amounted to EUR 3.1 million. Net Financial Position equal to EUR 97 million against EUR 89.8 million as at December 31, 2017.