Martifer Group reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported sales and services rendered of EUR 57,464,632 against EUR 147,097,541 for the same period a year ago. Operating loss was EUR 17,686,507 against EUR 24,590,196 for the same period a year ago. Loss before tax was EUR 24,802,820 against EUR 32,799,512 for the same period a year ago. Loss for the year attributable to owners of the company was EUR 20,161,887 against EUR 35,991,755 for the same period a year ago. Basic and diluted loss from continuing operations were EUR 0.2063 against EUR 0.3665 for the same period a year ago. Net cash used from operating activities was EUR 23,708,566 against net cash provided by operating activities of EUR 5,144,190 for the same period a year ago. Payments arising from tangible assets were EUR 4,678,742 against EUR 1,174,647 for the same period a year ago. Payments arising from intangible assets were EUR 49,423.

For the six months, the company reported sales and services rendered of EUR 143,461,797 against EUR 273,377,531 for the same period a year ago. Operating loss was EUR 22,268,358 against EUR 27,449,213 for the same period a year ago. Loss before tax was EUR 36,232,002 against EUR 46,846,632 for the same period a year ago. Loss for the year attributable to owners of the company was EUR 30,491,243 against EUR 50,146,924 for the same period a year ago. Basic and diluted loss from continuing operations were EUR 0.3118 against EUR 0.5128 for the same period a year ago. Net cash used from operating activities was EUR 9,791,340 against net cash provided by operating activities of EUR 9,330,445 for the same period a year ago. Payments arising from tangible assets were EUR 9,051,905 against EUR 7,122,212 for the same period a year ago. Payments arising from intangible assets were EUR 140,968 against EUR 1,617,529 for the same period a year ago. The Group's net consolidated debt at June 30, 2014 reached EUR 351 million, EUR 15 million above the value at the end of 2013 (EUR 336 million). Revenues were EUR 167.0 million against EUR 298.8 million a year ago. LBITDA was EUR 3.3 million against EBITDA of EUR 2.3 million a year ago.

For the quarter, the company reported impairment losses of EUR 597,644 against EUR 17,027,118 a year ago.