Brief: Emak Q1 Net Profit Down At EUR 3.9 Mln

Emak SpA

13/05/2020 16:39

May 13 (Reuters) - Emak SpA  EM.MI :
    * Q1 NET PROFIT EUR 3.9 MILLION VERSUS EUR 6.0 MILLION YEAR
AGO
    * Q1 REVENUE EUR 118.0 MILLION VERSUS EUR 122.4 MILLION YEAR
AGO
    * REQUESTED SUSPENSION OF REPAYMENTS ON LOANS OUTSTANDING
MATURING
IN 2020 DUE TO COVID-19
    * AS OF MAY, THE GROUP COMPANIES ARE ALL OPERATIONAL
    * REMODELLED INVESTMENT PLAN
    * ORDER ENTRY IN THE FIRST DAYS OF MAY IS PICKING UP
    * ON COVID-19, GROUP FOCUSED ON REDUCTION OF OPERATING COSTS
    * OUTLOOK FOR THE YEAR THEREFORE REMAINS UNCERTAIN AND
DIFFICULT
TO QUANTIFY

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA4MDPrn
Further company coverage:  EM.MI 

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