Stefanel S.p.A. reported group earnings results for the first quarter of 2015. For the quarter, the company reported net sales were EUR 44,060,000 compared to EUR 44,509,000 a year ago. LBITDA was EUR 999,000 compared to EUR 1,307,000 a year ago.

Adjusted LBITDA was EUR 768,000 compared to EUR 764,000 a year ago. LBIT was EUR 2,761,000 compared to EUR 3,100,000 a year ago. Adjusted LBIT was EUR 2,414,000 compared to EUR 2,543,000 a year ago.

Loss before tax was EUR 4,040,000 compared to EUR 4,197,000 a year ago. Loss from continuing operations was EUR 4,384,000 compared to EUR 4,622,000 a year ago. Loss attributable to shareholders of the parent company was EUR 4,459,000 compared to EUR 4,686,000 a year ago.

Cash flow used in operating activities was EUR 7,616,000 compared to EUR 5,387,000 a year ago. Negative free cash flow was EUR 6,045,000 compared to positive free cash flow of EUR 3,025,000 a year ago.