Brief: Enertronica FY Net Result Turns To Profit Of EUR 0.4 Mln

Enertronica Santerno SpA

04/06/2020 06:48

June 4 (Reuters) - Enertronica Santerno SpA  ENER.MI :
    * REPORTED ON WEDNESDAY FY NET PROFIT EUR 0.4 MLN VS LOSS
EUR  9.8
MLN YEAR AGO
    * FY REVENUE EUR 62.8 MLN VS EUR 35.8 MLN YEAR AGO 
    * IT IS IMPOSSIBLE SO FAR TO ESTIMATE FINAL IMPACT OF
COVID-19 ON
2020 RESULTS
    * SEES SIGNIFICANT DECLINE IN 2020 REVENUE AS LIKELY
    * FALL IN 2020 REVENUES TO BE POSSIBLY RECOVERED FROM H1
2021 ALSO
THANKS TO SUPPORT FROM REQUEST FOR MEASURES ENVISAGED BY
GOVERNMENT DECREES TO DEAL WITH COVID-19 CRISIS
    * ISSUES 2020-2022 DEVELOPMENT PLAN 
    * TARGETS 2022 PRODUCTION VALUE OF EUR 110-120 MLN 
    * TARGETS 2022 EBITDA MARGIN OF 9-12% 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA46YGJG
    
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