Biancamano S.p.A. announced consolidated and parent earnings results for the first quarter ended March 31, 2013. For the quarter, on consolidated basis, the company reported revenues of €51,887,000 against €62,079,000 a year ago. EBITDA was €6,518,000 against €7,545,000 a year ago. EBIT was €2,580,000 against €3,736,000 a year ago. Loss before taxes was €8,000 against profit before taxes of €1,003,000 a year ago. Net loss from continuing operations was €896,000 against net profit from continuing operations of €504,000 a year ago. Net loss was €896,000 against net profit of €504,000 a year ago. Diluted loss per share was €0.03 against diluted earnings per share of €0.02 a year ago. Cash flow used in operating activities was €1,970,000 against cash flow generated by operating activities of €1,067,000 a year ago. The company invests in intangible/tangible fixed assets was €11,000 against €9,114,000 a year ago.

For the quarter, the parent company reported revenues of €1,488,000 against €1,496,000 a year ago. LBITDA was €433,000 against EBITDA of €12,000 a year ago. LBIT was €474,000 against €28,000 a year ago. Loss before taxes was €447,000 against profit before taxes of €17,000 a year ago. Net loss from continuing operations was €324,000 against net profit from continuing operations of €17,000 a year ago. Net loss was €324,000 against net profit of €17,000 a year ago. Cash flow used in operating activities was €223,000 against €5,498,000 a year ago. The company invests in intangible/tangible fixed assets was €2,000 against €38,000 a year ago.