ePRICE S.p.A. reported consolidated and parent financial results for the year ended Dec. 31, 2017. For the year, the group reported LBITDA of €15,303,000, adjusted LBITDA of €13,957,000, LBIT of €22,833,000, loss before tax from continuing operations of €24,412,000, net loss of €24,750,000 on total revenues of €188,715,000 against LBITDA of €9,724,000, adjusted LBITDA of €8,501,000, LBIT of €13,983,000, loss before tax from continuing operations of €14,696,000, net loss of €10,068,000 on total revenues of €197,894,000 for the last year. Loss from continuing operations was €25,435,000 against was €14,714,000 for the last year. Net cash flow used in operations was €15,129,000 against was €8,160,000 for the last year. Acquisition of tangible assets was €6,155,000 against was €1,370,000 for the last year. Acquisition of intangible assets was €7,263,000 against was €6,219,000 for the last year.

For the year, the parent company reported operating loss of €6,509,000, loss before tax from continuing operations of €7,898,000, loss for the period of €8,236,000 on revenues of €3,026,000 against operating loss of €6,082,000, loss before tax from continuing operations of €6,123,000, profit for the period of €5,596,000 on revenues of €2,826,000 for the last year. Net financial debt was €5,814,000 against €43,097,000 for the last year. Loss from continuing operations was €8,921,000 against was €6,123,000 for the last year. Net cash flow used in operations was €5,519,000 against was €3,625,000 for the last year. Acquisition of tangible assets was €71,000 against was €1,051,000 for the last year. Acquisition of intangible assets was €2,209,000 against was €1,007,000 for the last year.

For fiscal 2018, the company expects, mid-single digit growth of GMV, due to strengthening of the leading position in Service-driven categories and solid growth of the Marketplace; Significant improvement in EBITDA, accelerating in the second semester, also due to a more streamlined organisation and a plan of efficiencies which is already underway equal to 15-20% of the cash costs base; and Positive NFP at year-end.

The company announced the 2018-2023 Plan: Doubling of GMV and Revenues, driven by Large Domestic Appliances, Services and 3P Marketplace; Ebitda margin at 5-6% in the medium-term due to the plan of efficiencies implemented in 2018, strong growth in the MDA and increased penetration of the Marketplace and Services; EBITDA and Operating Cash Flow break even in 2019; Positive cash flows in 2019, including potential earn-outs, in 2020 on an organic basis; Up to €18 million cash-in in the 2018-19 period from the disposals and earn-outs on the sales of BMH and Saldiprivati.