Brief: FNM Q1 Net Result Turns To Loss Of EUR 6.9 Mln

FNM SpA

14/05/2021 07:55

May 14 (Reuters) - FNM SpA  FNMI.MI :
    * REPORTED ON THURSDAY Q1 NET LOSS EUR 6.9 MLN VS PROFIT EUR
0.6
MLN YEAR AGO 
    * Q1 TOTAL REVENUES EUR 87.0 MLN VS EUR 71.7 MLN YEAR AGO 
    * CONFIRMS ITS PRUDENT FORECASTS FOR 2021, ESPECIALLY WITH
REFERENCE TO LOCAL PUBLIC TRANSPORT SECTOR AND MOTORWAY
INFRASTRUCTURE MANAGEMENT
    * TO DATE, COMPARISON OF FORECASTS FOR GROUP ON
LIKE-FOR-LIKE
BASIS SHOWS REVENUES FOR 2021 IN LINE WITH 2020, A SLIGHTLY
GROWING EBITDA, AND ADJUSTED EBITDA/REVENUES RATIO TO REMAIN
CONSTANT
    * COMPARING REPORTED FIGURES, IT IS REASONABLE TO ASSUME
THAT IN
2021, COMPARED TO 2020, REVENUES WILL INCREASE BY APPROX. 70%,
WHILE ADJ. EBITDA WILL DOUBLE, WITH POSITIVE EFFECT ON ADJ.
EBITDA/REVENUES RATIO, WHICH IS EXPECTED TO INCREASE BY APPROX.
7 PERCENTAGE POINTS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA5f0W54
    
 Further company coverage:  FNMI.MI  
   


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