Isagro S.p.A. reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenues from sales and services of €42,208,000 against €47,222,000 a year ago. EBITDA was €4,496,000 against €7,411,000 a year ago. EBIT was €2,225,000 against €5,199,000 a year ago. Result before taxes was €2,316,000 against €5,053,000 a year ago. Net result from continuing operations was €1,297,000 against €3,321,000 a year ago. Net result was €1,297,000 against €3,321,000 a year ago. Cash flows used in operations was €2,060,000 against cash flow from operations of €2,502,000 a year ago. Investments in intangible assets were €1,746,000 against €2,008,000 a year ago. Investment in tangible assets was €389,000 against €79,000 a year ago. With a Net financial position at debt as of March 31st, 2018 equal to €50.9 million, with a seasonal increase of €4.7 million versus €46.2 million as of December 31st, 2017 and improving of €1.0 million versus €51.9 million as of March 31st, 2017.

The 2018 full-year results are expected to improve versus 2017 thanks mostly to growth of Isagro Asia and higher initial revenues from new M/L Agreements.