Intek Group S.p.A. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported gross revenues of EUR 558.46 million compared with EUR 626.10 million for the same period a year ago. EBITDA was EUR 13.39 million compared with EUR 16.0 million for the same period a year ago.

EBIT was EUR 3.19 million compared with EUR 5.20 million for the same period a year ago. Result attributable to owners of the parent was EUR 36.53 million against loss attributable to owners of the parent was EUR 6.80 million a year ago. At March 31, 2014, the group's net financial debt amounted to EUR 282.6 million, for a significant improvement compared with the amount owed at the end of 2013 of EUR 367.3 million, due in part to the effect of the divestment of the British plumbing pipe operations.

Cash used in operating activities was EUR 2,365 million against cash flow from operating activities of EUR 442 million a year ago. Increase in non-current intangible assets and property, plant and equipment was EUR 1 million against EUR 2 million a year ago.