Damiani’s finances still in the red
Italian luxury jeweller Damiani reports a profit loss of 8,6 million euros for fiscal 2014, ending 31 March 2014, compared to 8,4 million euros the previous year. Turnover for the company increased 4,8% to 144,3 million euros. Damiani mono-brand boutiques registered a 14,2% increase in turnover.
EBITDA for the fiscal year was 0.3 million, an improvement of € 2.5 million compared to March 31, 2013. EBIT amounted to -3.8 million, compared to -5.8 million a year ago.