By  on May 15, 2014

MILAN — Italia Independent Group SpA, the eyewear and lifestyle brand controlled by Lapo Elkann, on Thursday reported a 70 percent increase in earnings before interest, taxes, depreciation and amortization in the first quarter on a 60 percent jump in revenues, lifted by strong demand for eyewear in Italy and abroad.

EBITDA rose to 1.5 million euros, or $2.1 million, while sales reached 8.2 million euros, or $11.2 million, in the quarter ended March 31.

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