Carraro SpA reported consolidated and company earnings results for the year ended December 31, 2014. For the period, on consolidated basis, the company reported revenues from sales of EUR 727,757,000 against EUR 871,936,000 a year ago, this decline was mainly due to market contraction in the second half of the year for about EUR 88 million, the sale of Mini Gears operations for EUR 45 million, and foreign exchange losses of approximately EUR 8 million. EBIT was EUR 12,106,000 against EUR 31,222,000 a year ago. EBITDA was EUR 38,763,000 against EUR 61,544,000 a year ago. Loss before tax was EUR 4,970,000 against profit before tax of EUR 12,748,000 a year ago. Net loss was EUR 7,913,000 against net profit of EUR 1,290,000 a year ago.

For the period, on company basis, the company reported revenues from sales of EUR 112,958,000 against EUR 113,431,000 a year ago. LBIT was EUR 4,178,000 against EUR 2,532,000 a year ago. LBITDA was EUR 1,049,000 against EBITDA of EUR 718,000 a year ago. Loss before tax was EUR 8,190,000 against EUR 4,338,000 a year ago. Net loss was EUR 6,497,000 against EUR 3,214,000 a year ago.

For the year 2015, the company expects sales volumes to remain largely stable, while there may be opportunities for a rebound in demand in some specific business areas.