Brief: Fila FY Net Profit Up At EUR 24 Mln

FILA Fabbrica Italiana Lapis ed Affini SpA

25/03/2020 16:45

March 25 (Reuters) - FILA Fabbrica Italiana Lapis ed Affini
SpA  FILA.MI :
    * FY TOTAL REVENUE EUR 689.4 MILLION VERSUS EUR 597.4
MILLION YEAR
AGO
    * FY NET PROFIT EUR 24 MILLION VERSUS EUR 8.7 MILLION YEAR
AGO
    * FY ADJUSTED NET PROFIT EUR 43.1 MILLION, +56.4% YEAR/YEAR
    * GIVEN COVID-19 CRISIS, BOARD TO PROPOSE TO SHAREHOLDERS'
MEETING
TO CARRY FORWARD IN FULL 2019 PROFIT
    * RESERVES RIGHT TO FURTHER ASSESS AND CALL A NEW
SHAREHOLDERS'
MEETING TO DISTRIBUTE 2019 PROFIT IN SECOND HALF OF THIS YEAR
    * CORONAVIRUS IMPACT IS NOT EXPECTED TO BE SIGNIFICANT IN
FIRST
QUARTER OF THIS YEAR
    * GROUP'S PLANT ARE OPERATIONAL, IN ACCORDANCE WITH
REGULATIONS
FOR EACH COUNTRY
    * SEES FOR 2020, FURTHER SUSTAINED GROWTH ON INDIAN MARKET
IS
FORECAST, TOGETHER WITH REVENUE RECOVERY IN NORTH AMERICA AND IN
EUROPE
    * PLANTS CLOSURES ARE SCHEDULED FOR 15 DAYS IN SANTO
DOMINGO, IN
FLORENCE AND THE UK AND 7 DAYS IN MUMBAI
    * OUTLOOK FOR 2020 COULD BE AFFECTED IN EARLY MONTHS OF 2020
BY
INSTABILITY RESULTING FROM COVID-19 CRISIS
    * CHINESE PLANT IS OPERATING AT 100% POTENTIAL

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA8vDgsT
Further company coverage:  FILA.MI 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))