Stefanel S.p.A. reported earnings results for the first quarter of 2014. For the period, the company booked a net loss of EUR 4.6 million compared with a EUR 4.1 million loss for the same period last year. Net revenues fell to EUR 44.5 million from EUR 48.4 million.

The company booked an adjusted gross operating loss of EUR 800,000 in the first quarter this year, against a EUR 3.7 million loss in the same period in 2013. Adjusted operating loss dropped to EUR 2.5 million from EUR 5.8 million. The company's net debt rose to EUR 82.8 million at the end of March from EUR 78.4 million at March 31, 2013.