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BIE - Bioera SpA News Story

€0.244 -0.0  -1.6%

Last Trade - 09/04/21

Sector
Consumer Defensives
Size
Micro Cap
Market Cap £3.34m
Enterprise Value £10.1m
Revenue £18.1m
Position in Universe 711th / 730

BRIEF-Bioera FY Net Loss Widens To EUR 7.9 Mln

Thu 16th April, 2020 7:18am
April 16 (Reuters) - Bioera SpA  BIE.MI :
    * REPORTED ON WEDNESDAY FY NET LOSS EUR 7.9 MLN VS LOSS EUR
4.1
MLN YEAR AGO
    * FY REVENUE EUR 30.2 MLN VS EUR 39.2 MLN YEAR AGO 
    * ON COVID-19 CRISIS, CLOSURE OF SOME COMMERCIAL ACTIVITIES
LED TO
SHUTDOWN OF IMPORTANT PRODUCT DISTRIBUTION CHANNELS, WITH
INEVITABLE REPERCUSSIONS ON TURNOVER TARGETS PREVIOUSLY FORSEEN.
    * ON COVID-19 CRISIS, GROUP ACTIVATED REDUNDANCY FUND
PROCEDURES
AND IS MONITORING ADDITIONAL EXTRAORDINARY MEASURES INTRODUCED
BY GOVERNMENT
    * ON COVID-19 CRISIS, LENDERS APPROVED ONE-YEAR MPORATORIUM
REQUESTS MADE BY GROUP ON EXISTING LOANS 
    * SEES COMPLETION OF GENERAL REORGANIZATION OF GROUP
ACTIVITIES IN
2020 

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIAbCJ8Mf
    
 Further company coverage:  BIE.MI  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10))
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