Brief: Esprinet FY Net Profit Up At EUR 23.1 Mln

Esprinet SpA

16/04/2020 07:52

April 16 (Reuters) - Esprinet SpA  PRT.MI :
    * FY REVENUE EUR 3.95 BILLION VERSUS EUR 3.57 BILLION
    * PROPOSES NOT TO DISTRIBUTE 2020 DIVIDEND
    * FY NET PROFIT EUR  23.1 MILLION VERSUS EUR 14.0 MILLION
YEAR AGO
    * REVOKES BUY-BACK PLAN APPROVED ON MAY 8, 2019
    * ON COVID-19,  MAIN CRITICALITY IDENTIFIED UP TO NOW
CONSISTS OF
SHORTAGES IN SUPPLY OF SOME PRODUCTS DUE TO REDUCTION IN
CAPACITY OF SUPPLIERS
    * ON COVID-19, FOR CURRENT YEAR, EMERGENCY IS EXPECTED TO
CAUSE
COLLAPSE IN GROWTH RATES OF ECONOMIES BOTH IN ITALY AND SPAIN
AND THIS TREND WILL LEAD TO REDUCTION IN GROUP'S BUSINESS
VOLUMES
    * ON COVID-19, IT IS REALLY DIFFICULT TO PROVIDE RELIABLE
FORECASTS ON THE GROUP'S FUTURE TRENDS
    * ON COVID-19, BASED ON THE SIMULATIONS CARRIED OUT, A
CONTRACTION
IN OPERATING PROFITABILITY COULD BE EXPECTED TO OCCUR

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA189G1h
Further company coverage:  PRT.MI 

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