I.M.A. Industria Macchine Automatiche S.p.A. reported consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported revenues of EUR 145.0 million against EUR 95.5 million for the same period last year. Gross operating profit (EBITDA) was EUR 11.2 million against gross operating loss (LBITDA) of EUR 0.4 million for the same period last year. Operating profit (EBIT) was EUR 6.7 million against operating loss (LBIT) of EUR 3.9 million for the same period last year. Profit before tax was EUR 4.7 million against loss before tax of EUR 6.5 million for the same period last year. The company's net debt as at March 31, 2012 was EUR 181.9 million against EUR 174.1 million as at March 31, 2011. The company provided earnings guidance for the year 2012. For the year, the company estimates revenues of EUR 700 million and group operating profit of (EBITDA) of EUR 95 million.