Heavy discounts granted to Russian clients have led to a drop in the profitability of the Aeffe group, whose sales declined last year by 7 percent to €268.8 million, as previously reported. The consolidated operating margin before amortization (Ebitda) fell to 7.2 percent of sales from 10.2 percent in the previous year for the parent company of Pollini and Moschino. Net earnings declined to €1.5 million from €2.7 million.