MILAN, Italy—The board of Marcolin S.p.A [MCL-IT] reported earlier this week that the company’s turnover for the first quarter ended March 31, 2007 reached €56 million euros, a 4.4 percent increase, or a 7.8 percent increase at constant exchange rates, compared to € 53.7 million euros in the previous year’s comparable period.

Net earnings for the period rose significantly to €4.8 million, compared to €2.4 million for the Q1 period of 2007. EBIDTA also rose to €10.8 million compared to €7.9 million in the prior year.

Massimo Saracchi, managing director and general manager of Marcolin, stated, “The Marcolin Group's perfomance for the first quarter is very positive, with relevant increase of turnover and most of all, profit. Despite the uncertain international economic situation, we expect for 2008 a return to profitability after three years of negative results."