Brief: Fila Q1 Net Result Turns To Loss Of EUR 6.1 Mln

FILA Fabbrica Italiana Lapis ed Affini SpA

15/05/2020 16:45

May 15 (Reuters) - FILA Fabbrica Italiana Lapis ed Affini SpA  FILA.MI :
    * Q1 REVENUE EUR 145.8 MILLION VERSUS EUR 143.8 MILLION YEAR AGO
    * Q1 GROUP NET LOSS EUR 6.1 MILLION VERSUS PROFIT EUR 0.5 MILLION YEAR AGO
    * Q1 ADJUSTED NET LOSS EUR 0.2 MILLION VERSUS PROFIT EUR 3.6 MILLION YEAR AGO
    * FOCUS FROM Q2 2020 ON REDUCING INVESTMENTS AND FIXED COSTS IN 2020
    * POSITIVE OUTLOOK FOR REVENUE AND EBITDA GROWTH IN 2020 PROVED JUSTIFIED FOR ALL REFERENCE
MARKETS UNTIL MID-MARCH
    * GROUP'S PLANTS ARE OPERATIONAL, THOUGH NOT AT FULL CAPACITY IN ORDER TO PROTECT WORKER
SAFETY

Source text for Eikon:  ID:nBIA95gxzz 
Further company coverage:  FILA.MI 

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