Brief: Elica Reaches Settlement Agreement With Exklusiv-Hauben Gutmann

Elica SpA

27/02/2019 17:26

Feb 27 (Reuters) - Elica SpA  ELC.MI :
    * AGREES WITH EXKLUSIV-HAUBEN GUTMANN ON SETTLEMENT LINKED WITH INSOLVENCY OF
EXKLUSIV-HAUBEN
GUTMANN AND OTHER MITUAL CLAIMS
    * AGREEMENT TO HAVE ADDITIONAL ADJUSTMENT IMPACT OF EUR 4.5 MILLION FOR FY 2018
    * TRANSACTION DEFINITIVELY CONCLUDES ALL DISPUTES BETWEEN COMPANIES, WITHOUT FURTHER IMPACTS
ON
FUTURE ACCOUNTS
    * FY PROFIT BEFORE TAXES UPDATED AT EUR 4.5 MILLION DOWN FROM PRELIM FY 2018 FIGURE OF EUR
8.8
MILLION

Source text for Eikon:  ID:nBIAWS53C 
Further company coverage:  ELC.MI 

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