Italeaf S.p.A. reported consolidated and parent earnings results for the first quarter ended March 31, 2017. For the quarter, the parent company reported revenue from sales and services of EUR 918,092 compared to EUR 948,205 a year ago. EBITDA was EUR 243,456 compared to EUR 120,082 a year ago. EBIT was EUR 90,443 compared to LBIT of EUR 30,625 a year ago. LBT was EUR 139,302 compared to EBT of EUR 142,554 a year ago. Net profit was EUR 4,698 compared to EUR 169,084 a year ago. For the quarter, on a consolidated basis, the company reported revenues of EUR 28,858,080 compared to EUR 29,575,177 a year ago. Operating result was EUR 1,237,253 compared to EUR 2,562,898 a year ago. Net loss before taxes was EUR 4,358 compared to net profit before taxes of EUR 627,291 a year ago. Net profit for the period attributable to the group was EUR 110,763 or EUR 0.007 per basic and diluted share compared to net loss of EUR 4,851,015 or EUR 0.31 per basic and diluted share a year ago. Net cash flow generated by operating activities was EUR 3,154,262 compared to EUR 15,514,922 a year ago. Investments in property, plant and equipment was EUR 1,860,399 compared to EUR 770,215 a year ago. Investments in intangible assets were EUR 1,207,028 compared to EUR 312,361 a year ago. NAV per share as at March 31, 2017 was EUR 2.12.