Brief: Bialetti Postpones Approval Of FY Results, Reports Q1 Revenue Down At EUR 27.7 Mln

Bialetti Industrie SpA

01/06/2020 10:07

June 1 - Bialetti Industrie SpA  BIA.MI :
    * SAID ON FRIDAY BOARD POSTPONED APPROVAL OF FY RESULTS IN
LIGHT
OF THE NEED TO MODIFY THE RESTRUCTURING AGREEMENTS DUE TO THE
IMPACTS OF COVID-19 CRISIS ON GROUP'S BUSINESS
    * REPORTED FY RESULTS PREPARED ASSUMING THE CONDITION OF
COMPANY
CONTINUITY:
    * FY REVENUE EUR 140.0 MLN VS EUR 130.2 MLN YEAR AGO
    * FY NET PROFIT EUR 16.0 MLN VS LOSS EUR 48.5 MLN YEAR AGO
    * REPORTED Q1 REVENUE OF EUR 27.7 MLN VS EUR 30.7 MLN YEAR
AGO

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA87KM7x
    
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