Italiaonline S.p.A. announced consolidated earnings results for the first quarter ended March 31, 2018. The company closed the first quarter 2018 with consolidated revenues of EUR 69.5 million compared to EUR 70.3 million achieved in first quarter 2017. The consolidated turnover trend in first quarter of 2018 shows an improvement compared with the last quarters of 2017, moving for the first time towards a stabilization and reflects, on the one hand, the growth of the digital segment (+6% YoY) and, on the other hand, the continuation of the structural decline of traditional products based on telephone directories and telephony. EBITDA at 31 March 2018 amounted to EUR 12.7 million compared to EUR 10.4 million of first quarter of 2017. Net of IFRS 162 impacts the EBITDA would have been EUR 10.5 million. EBIT amounted to EUR 1.9 million compared to EUR 3.2 million recorded at 31 March 2017 note that the EBIT of first quarter 2017 had benefitted from non-recurring income (EUR 2.1 million) resulting from the sale to Engineering Ingegneria Informatica S.p. A of the two residual finance lease agreements related to the buildings of the Turin office. Net profit at 31 March 2018 was EUR 3.9 million, compared to EUR 1.6 million at 31 March 2017. The net profit benefitted from EUR 1.3 million income resulting from the sale of the equity investment in 11880 Solution AG (occurred on 14 February 2018) and from EUR 2.0 million dividend of Emittente Titoli. Net profit recorded an increase against the figure for the corresponding period of 2017, also net of extraordinary items and of non-recurring income present in both periods. Capex in first quarter 2018 amounted to EUR 5.1 million (7% of revenues) down by 27.4% compared to EUR 7 million (10% of revenues) in first quarter of 2017.