(Alliance News) - Aeffe Spa announced on Friday that it closed the first quarter with revenues of EUR61.7 million compared to EUR80.2 million in the same period last year.
EBITDA was negative at EUR1.5 million compared to a positive EUR6.3 million a year earlier, while the net loss widened to EUR10.1 million from EUR5.6 million in the first quarter of the previous year.
Net equity rose to EUR 89 million from EUR 74 million a year ago, and debt stood at EUR 91 million, down from EUR 137 million as of March 31, 2024.
Aeffe shares are up 3.3% to EUR0.62 per share.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
Comments and questions to redazione@alliancenews.com
Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved.