Biancamano S.p.A. reported consolidated and parent financial results for the first quarter ended March 31, 2014. For the quarter, on consolidated basis, the company reported revenues of €35,971,000 against €51,886,000 for the last year. EBITDA was €4,375,000 against €6,518,000 for the last year. LBIT was €347,000 against EBIT of €2,580,000 for the last year. Loss before taxes was €1,834,000 against €8,000 for the last year. Net loss from continuing operations was €1,985,000 against €896,000 for the last year. Net loss pertaining to Group was €1,985,000 against €896,000 for the last year. Diluted Group net loss per share was €0.06 against €0.03 for the last year. Diluted Group net loss from continuing operations per share was €0.06 against €0.03 for the last year. Cash flow used in operating activities was €12,928,000 against cash generated by operating activities of €10,788,000 for the last year.

For the quarter, on parent basis, the company reported revenues of €1,480,000 against €1,488,000 for the last year. LBITDA was €383,000 against €433,000 for the last year. LBIT was €422,000 against €474,000 for the last year. Loss before taxes was €479,000 against €447,000 for the last year. Net profit from continuing operations was €347,000 against €324,000 for the last year. Net loss for the current period was €347,000 against €324,000 for the last year. Cash used in operating activities was €1,503,000 against cash generated by operating activities of €7,166,000 for the last year. Increase in intangible/tangible fixed assets was €3,000 against €3,000 for the last year.