Carraro SpA announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the nine months, the company reported revenues of EUR 468.354 million against EUR 521.048 million a year ago. EBIT was EUR 16.560 million against EUR 9.126 million a year ago. EBITDA was EUR 33.556 million against EUR 29.697 million a year ago. Net result before taxes was EUR 5.707 million against loss before taxes of EUR 4.342 million a year ago. Net consolidated loss was EUR 770 million against EUR 10.457 million a year ago.

For the third quarter, the company reported revenues of EUR 143.758 million against EUR 151.078 million a year ago. EBIT was EUR 7.365 million against EUR 586 million a year ago. EBITDA was EUR 13.239 million against EUR 7.223 million a year ago. Net profit was EUR 2.071 million against loss of EUR 4.682 million a year ago.

For the last quarter of 2016, a further slowdown in sales is anticipated, along with a slight decline in terms of economic results. Overall, the group's economic results show an improvement in ordinary operations compared to the previous year-end figures.