MILANO (AIMnews.it) - Italy Independent Group closed 2017 with 25.9 million euros in revenues (down 6.2% compared to 2016), a gross margin of 16.1 million (18.7 in 2016) ), but a red at the level of ebitda reduced from 8.3 to 2.5 million euros. These are the preliminary operational figures released by the company, which explains how "in the face of a slight decline in sales, also due to more restrictive distribution policies in line with the goal of relaunching the brand, it has managed to significantly reduce the cost structure and improve operational efficiency ". The net financial position is negative at 24.4 million, against 18.3 at the end of 2016, and a capital increase of a maximum of 5 million will therefore be proposed to be offered as an option to shareholders. "Taking into account the pre-closing management results, in order to support the continuation of the commercial relaunch process, the IIG Board resolved to initiate the analysis of possible strategic partnership options", concludes the company note.