Brief: CSP International Fashion Group Approves 2019-2023 Business Plan

CSP International Fashion SpA

01/04/2019 11:09

April 1(Reuters) - CSP International Fashion Group SpA
 CSP.MI :
    * SAID ON FRIDAY THAT IT HAD APPROVED 2019-2023 BUSINESS
PLAN 
    * SAYS BUSINESS PLAN SHOWS MORE MODERATE TARGETS OF ORGANIC
GROWTH
AND PROFITABILITY IN SHORT AND MEDIUM TERM 
    * HAS APPROVED RESULTS OF THE IMPAIRMENT TEST WHICH HAS LED
TO
WRITE-DOWN OF INTANGIBLE FIXED ASSETS OF EUR 9.6 MLN
    * BOARD APPROVED PRELIM. FY RESULTS DISCLOSED ON FEB. 7
    * FY REVENUE EUR 111.6 MLN VS RESTATED EUR 119.7 MLN YEAR
AGO
    * DECLINE IN REVENUES HAD SIGNIFICANT IMPACT ON MARGINS
    * FY EBITDA OF EUR 2.6 MLN VS EUR 6.3 MLN A YEAR AGO
    * FY ADJ. LOSS BEFORE TAX NEGATIVE OF EUR 0.9 MLN VS PROFIT
EUR
2.5 MLN YEAR AGO

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA9BZn0k
    
 Further company coverage:  CSP.MI  
   


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