Landi Renzo S.p.A. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the period, the company reported revenues (goods and services) of EUR 111.618 million against EUR 111.643 million for the same period a year ago. Net operating profit of EUR 0.166 million against operating loss of EUR 19.133 million a year ago. Loss before tax of EUR 1.7012 million against EUR 21.659 million a year ago. EBITDA was EUR 7.647 million against EUR 5.076 million for the same period a year ago. Net loss was EUR 1.870 million or EUR 0.0166 per diluted share against net profit of EUR 20.884 million or EUR 0.1856 per diluted share for the same period a year ago. Net debt as at June 30, 2014 was EUR 50.0 million. Net cash inflow from operating activities was EUR 9.264 million against EUR 10.248 million for the same period a year ago. Purchase of property, plant and equipment was EUR 3.329 million against EUR 5.264 million for the same period a year ago. Purchase of intangible assets was EUR 0.186 million against EUR 2.509 million for the same period a year ago. EBIT of EUR 0.166 million against LBIT of EUR 19.133 million a year ago.

For the second quarter, the company reported revenues of EUR 64.247 million. EBITDA was EUR 6.130 million. EBIT of EUR 2.376 million. Group and minority interest net profit of EUR 0.631 million.

The company provided earnings guidance for the year 2014. The company expects to generate EUR 230 to EUR 250 million in revenues and an EBITDA margin between 7% and 9%.