Brief: FNM Q1 Group Net Result Turns To Profit Of EUR 3.0 Mln

FNM SpA

12/05/2022 17:13

May 12 (Reuters) - FNM SpA  FNMI.MI :
    * Q1 TOTAL REVENUE EUR 136.6 MILLION VERSUS EUR 86.7 MILLION
YEAR
AGO
    * Q1 ADJUSTED. NET PROFIT EUR 15.5 MILLION VERSUS EUR 6.0
MILLION
YEAR AGO
    * Q1 GROUP NET PROFIT EUR 3.0 MILLION VERSUS LOSS EUR 6.9
MILLION
YEAR AGO
    * FORECASTS FOR GROUP ON A LIKE-FOR-LIKE BASIS SHOW 2022
REVENUES
AND ADJUSTED EBITDA GROWING BY ABOUT 10%- 15% COMPARED TO 2021
    * ADJUSTED EBITDA/REVENUES RATIO IS EXPECTED TO INCREASE
SLIGHTLY
OVER 2021
    * RUSSIA-UKRAINE CONFLICT WILL NOT IMPACT THE GOING CONCERN 
OF
COMPANY AND ITS SUBSIDIARIES AND ON RECOVERABILITY OF VALUE OF
ASSETS

Further company coverage:  FNMI.MI 

 (Reporting by Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))