Italiaonline S.p.A. announced consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenue of €70 million compared to €84 million a year ago. The decrease in revenue is affected by the restructuring of the product portfolio, in order to optimize marginality and cash generation aimed at both organic growth and external growth. EBITDA was €10 million compared to €6 million a year ago. Free cash flow was €30 million compared to €21 million a year ago. Net profit was €2 million compared to €13 million a year ago. Capex was €7 million against €6 million a year ago. As on date, net financial indebtedness was €144.88 million.