Martifer Group reported non-audited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported operating loss of EUR 4,581,851 compared to EUR 2,859,017 a year ago. Loss before tax was EUR 11,429,182 compared to EUR 14,047,121 a year ago.

Loss after tax was EUR 12,392,704 compared to EUR 14,025,432 a year ago. Loss for the year was EUR 12,392,704 compared to EUR 13,867,346 a year ago. Loss for the year attributable to owners of the company was EUR 10,329,356 against EUR 14,155,169 a year ago.

Basic and diluted loss per share from continuing operations was EUR 0.1055 compared to EUR 0.1464 a year ago. Net cash generated from operating activities was EUR 13,917,226 compared to EUR 4,186,255 a year ago. Payments arising from tangible assets were EUR 4,373,163 compared to EUR 2,926,165 a year ago.

Payments arising from intangible assets were EUR 190,391 compared to EUR 4,638,929 a year ago. Revenue was EUR 92.6 million comparing to EUR 133.1 million a year ago. LBITDA was EUR 0.1 million compared to EBITDA of EUR 2.7 million a year ago.

LBIT was EUR 4.6 million against EUR 2.8 million a year ago. The amount of investment in fixed assets was EUR 4 million mainly resulting from the investment in the Metallic construction segment (EUR 3.4 million). The group's net consolidated debt at March 31, 2014 reached EUR 330 million, EUR 6 million below the value at the end of 2012 is EUR 336 million.