MILAN (AIMnews.it) - Fedon closed 2017 with total revenues down by 5% to 69 million euros, also due to the dynamics affecting the optical sector. Ebitda amounted to € 2.2 million (compared to € 5.1 million in 2016) and the net loss was € 4 million, compared to € 1.2 million for the previous year after restructuring costs of 3,1 million euros. Net financial debt is 7.3 million, with equity of 14.7 million. With the five openings in 2017, the Fedon brand stores, active in Italy and Asia, rose to 22. "We decided to separate the leather goods business, making it join a dedicated company, which was entrusted with the task of managing an adequate development of the Fedon brand in the coming years - said the CEO Maurizio Schiavo - This decision has effectively translated into a significant review of the business, both in terms of product and in relation to the organisational management structure. Our group is more focused by the business line and a recovery of company profitability in a relatively short time ".