Carraro SpA reported earnings results for the first quarter ended March 31, 2017. For the quarter, the company consolidated group turnover amounted to EUR 145.6 million, a 7.6% decrease compared to EUR 157.6 million recorded in the first quarter of 2016. With constant perimeter (taking into account the lack of contribution of Elettronica Santerno) it grew by 1.8%. Consolidated EBITDA came in at EUR 15.9 million (10.9% of turnover), up by EUR 8.9 million compared to the EUR 7.0 million (4.4% of turnover) for the same period of 2016. With constant perimeter and excluding non-recurring costs in 2016, EBITDA at 31 March 2017 grew by 3.8 million compared to an EBITDA at 31 March 2016 of EUR 12.1 million (8.5% of turnover). The consolidated net financial position of operations as at 31 March 2017 was negative at EUR 185.4 million.