Sales of the shoemaker Pollini fell by 35.2 percent to €7.5 million in the first quarter. Pollini's parent company, the Italian fashion group Aeffe, booked a 15.2 percent drop in revenues to €61.3 million for the quarter. The group's Ebitda margin was halved to 2.5 percent of sales from 5.3 percent a year earlier and the net loss widened to €1.7 million from €0.3 million. The group's debt increased to €95.5 million on March 31 from €87.7 million at the end of 2009. But Aeffe said that the recovery signs seen at the end of 2009 were confirmed in the first quarter. Based on its performance in the past weeks and orders booked for the 2010 fall/winter collection, the group expects the improvement in the market to continue in the second half of the year. Nevertheless, the business environment remains uncertain and Aeffe plans to pursue its efforts to boost efficiency and cut costs.