Brief: Biesse Q1 Net Profit Down At EUR 2.1 Mln

Biesse

08/05/2020 16:56

May 8 (Reuters) - Biesse SpA  BSS.MI :
    * Q1 REVENUE EUR 147.7 MILLION VERSUS EUR 169.2 MILLION YEAR
AGO
    * Q1 NET PROFIT EUR 2.1 MILLION VERSUS EUR 5.6 MILLION YEAR
AGO
    * DOES NOT HAVE SUFFICIENT VISIBILITY TO ASSESS IMPACT OF
COVID-19
    * ON COVID-19, BIESSE INTENDS WITHDRAW  GUIDANCE FOR 2020
CONSIDERING IT NO MORE VALID
    * ON COVID-19, CO RESERVS POSSIBILITY TO SHARE A NEW
GUIDANCE IF
AND AS SOON AS REFERENCE MARKETS WILL BECAME MORE STABLE AND
INTERPRETED
    * ON COVID-19, BIESSE PROMPTLY TOOK STEPS TO ACCESS ALL
FORMS OF
FINANCIAL SUPPORT ENACTED UNDER CURRENT LEGISLATION AND WHICH
ITS CREDIT RATING PERMITS

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA8Xws2y
Further company coverage:  BSS.MI 

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