Brief: Elica H1 Net Result Turns To Loss Of EUR 4.8 Mln

Elica SpA

30/07/2020 12:49

July 30 (Reuters) - Elica SpA  ELC.MI :
    * H1 NET LOSS EUR 4.8 MILLION VERSUS PROFIT EUR 1.4 MILLION
YEAR
AGO
    * H1 REVENUE EUR 184.2 MILLION VERSUS EUR 238.7 MILLION YEAR
AGO
    * COMPANY IS ANALYSING IMPACT OF COVID-19 ON BUSINESS AND
POTENTIAL MARKET DEMAND RECOVERY CURVE, WHICH IS CURRENTLY
DIFFICULT TO FORECAST
    * COMPANY IS ANALYSING IMPACT OF COVID-19 VIA FOCUS ON COST
CONTAINMENT MEASURES AND FINANCIAL SUSTAINABILITY
    * PRODUCTION FULLY OPERATIONAL FROM SECOND HALF OF JUNE
    * RAPID B2C RECOVERY ALREADY BY MAY AND JUNE AND FURTHER
PICK UP
EXPECTED IN Q3 2020

Source text for Eikon:  urn:newsml:reuters.com:*:nBIAbjfySz
Further company coverage:  ELC.MI 

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