Seat Pagine Gialle SpA announced unaudited consolidated earnings results for the year ended December 31, 2015. For the year, the company's revenues from sales and services were EUR 374.9 million compared with EUR 408.2 million a year ago. Gross operating profit was EUR 46.9 million compared with EUR 61.6 million a year ago.

Operating income before amortization, depreciation, non-recurring and restructuring costs, net (EBITDA) was EUR 26.3 million compared with EUR 32.6 million a year ago. Operating loss was EUR 26.3 million compared with EUR 25.5 million a year ago. Operating income reflects the business performance recorded in terms of GOP and EBITDA, as well as effects connected to personnel reorganization and restructuring process costs.

Loss before income taxes was EUR 29.7 million compared with profit of EUR 1,408.5 million a year ago. Loss on continuing operations was EUR 19.3 million compared with profit of EUR 1,393.4 million a year ago. Loss for the year pertaining to the group was EUR 19.1 million compared with profit of EUR 1,379.2 million a year ago.

As on December 31, 2015, the company's net financial debt was EUR 106.5 million. Capital expenditure was EUR 30.8 million compared with EUR 29.9 million a year ago. Operating free cash flow was EUR 1.2 million compared with EUR 0.6 million a year ago.

Normalized revenues amounted to EUR 365.0 million compared to EUR 408.2 million in 2014. Normalized EBITDA amounted to EUR 16.9 million compared to EUR 32.6 million in 2014.