Brief: Fiera Milano Q3 Result Before Tax Turns To Profit Of EUR 1.3 Mln

Fiera Milano SpA

08/11/2021 12:57

Nov 8 (Reuters) - Fiera Milano SpA  FIMI.MI :
    * Q3 PROFIT BEFORE TAX EUR 1.3 MILLION VERSUS LOSS EUR 20.1
MILLION YEAR AGO
    * Q3 REVENUE EUR 35.3 MILLION VERSUS EUR 11.3 MILLION YEAR
AGO
    * UPDATED FORECASTS PUT EXPECTED 2021 REVENUES AT AROUND EUR
130
MILLION, EBITDA AT EUR 52-57 MILLION COMPARED WITH PREVIOUS
INDICATION OF EUR 23-28 MILLION
    * TARGETS 2021 NET CASH POSITION BEFORE IFRS 16  EFFECTS IN
RANGE
OF EUR 0-10 MILLION COMPARED TO PREVIOUS FORECAST OF NET DEBT OF
EUR 24-28  MILLION
    * LEVEL OF DEBT IS APPROPRIATE TO GUARANTEE OPERATIONAL
FLEXIBILITY NEEDED TO PLAN 2022 CALENDAR AND TO SEIZE ANY GROWTH
OPPORTUNITIES THAT MAY ARISE

Further company coverage:  FIMI.MI 

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