Brief: Bialetti H1 Net Loss Swings To Profit Of EUR 22.1 Mln

Bialetti Industrie SpA

02/08/2019 07:04

Aug 2(Reuters) - BIALETTI INDUSTRIE SPA  BIA.MI :
    * REPORTED ON THURSDAY H1 REVENUE EUR 64.2 MLN VS EUR 67.3
MLN YR
AGO
    * H1 NORMALISED EBITDA EUR 533,000 VS LOSS EUR 2.7 MLN YR
AGO
    * H1 NET PROFIT EUR 22.1 MLN VS LOSS EUR 15.3 MLN YR AGO
    * EXPECTS TO CLOSE 2019 FINANCIAL YEAR WITH A TURNOVER BELOW
EXPECTATIONS OF AROUND 10%
    * EXPECTS LOWER 2019 TURNOVER DUE TO THE EARLY CLOSURE OF
THE
STORES COMPARED TO THE TIMINGS IN 2018-2023 BUSINESS PLAN AND,
ONLY IN PART, OF THE DELAY IN COFFEE SALES, PARTIALLY OFFSET BY
COFFEE MAKERS SALES 
    * EXPECTS THAT EBITDA AND LIQUIDITY WILL NOT PRESENT
SIGNIFICANT
DEVIATIONS FROM THE PLAN OBJECTIVES

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA3M6wMk
    
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