Brief: FNM SpA Reports FY Revenues EUR 281.3 Million

FNM SpA

18/03/2021 19:44

March 18 (Reuters) - FNM SpA  FNMI.MI :
    * BOARD OF DIRECTORS APPROVES RESULTS AS AT 31 DECEMBER 2020
AND
REMUNERATION REPORT
    * FY REVENUES EUR 281.3 MILLION (-6.4% COMPARED TO EUR 300.6
MILLION AT 31 DECEMBER 2019)
    * FOR 2021 ON A LIKE-FOR-LIKE BASIS WITH 2020, IT IS
REASONABLE TO
EXPECT THAT THE  GROUP'S REVENUES WILL BE IN LINE WITH 2020
    * FOR 2021, EBITDA EXPECTED TO FALL BY MORE  THAN 20% WITH
RESPECT
TO 2020, IN ABSENCE OF ADDITIONAL GOVERNMENT SUPPORT MEASURES
    * BOARD RESOLVED TO PROPOSE TO SHAREHOLDERS’ MEETING PAYMENT
OF A
DIVIDEND,  RELATING TO 2020, OF EUR 0.022 PER SHARE
    * FNM SPA - "PRODUCTION WILL BE REDUCED LESS THAN IN FIRST
HALF OF
2020 WITH, THEREFORE, AN ACCORDINGLY LESSER REDUCTION IN DIRECT
OPERATING COSTS"
    * FNM SPA - FY EBIT EUR 26.4 MLN (-12.9% COMPARED TO EUR
30.3 MLN
AT 31 DECEMBER 2019)

Source text for Eikon:  ID:nBIA8Y0MdX 
Further company coverage:  FNMI.MI 

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