Brief: Esprinet FY Net Profit Down At EUR 14.0 Mln

Esprinet SpA

02/04/2019 10:04

April 2 (Reuters) - Esprinet SpA  PRT.MI :
    * REPORTED ON MONDAY FY SALES FROM CONTRACTS WITH CUSTOMERS
EUR
3.57 BLN VS EUR 3.22 BLN YEAR AGO
    * FY NET PROFIT EUR 14.0 MLN VS EUR 26.2 MLN YEAR AGO
    * PROPOSES FY DIVIDEND OF EUR 0.135 PER SHARE, CORRESPONDING
TO
PAY-OUT RATIO OF 27 PCT
    * FY RESULTS NEGATIVELY IMPACTED BY NON-RECURRING ITEMS
RELATED TO
WINDING-UP OF MAIN SUPPLIER OF 'SPORT TECHNOLOGY' LINE AND BY
NEGATIVE GROSS PROFIT RECORDED IN NOV. AND DEC. ON THESE PRODUCT
LINES
    * IN FIRST 3 MONTHS OF 2019 ESPRINET GROUP REPORTED INCREASE
IN
SALES VOLUMES DESPITE DROP IN MOBILE PHONES
    * SAID DUE TO DIFFICULT MACROECONOMIC CONDITIONS, ESPECIALLY
IN
ITALY, IN 2019 ESPRINET WILL FOCUS ON IMPROVING RETURN ON
CAPITAL INVESTED THROUGH SELECTIVE OPTIMISATION OF WORKING
CAPITAL MANAGEMENT

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA8ln73B
    
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