Brief: Frigoglass Q1 Result Swings To Net Loss Of EUR 2.0 Million

Frigoglass SAIC

19/05/2022 07:12

May 19 (Reuters) - Frigoglass SA  FRIr.AT :
    * Q1 SALES EUR 119.4 MILLION VERSUS EUR 95.9 MILLION YEAR
AGO
    * Q1 EBITDA EUR 10.2 MILLION VERSUS EUR 14.4 MILLION YEAR
AGO
    * Q1 NET LOSS 2.0 MILLION VERSUS NET PROFIT OF EUR 1.2
MILLION
YEAR AGO
    * EBITDA MARGIN NEGATIVELY AFFECTED BY INCREASED COST OF
MATERIALS
AND PROVISIONS FOR DOUBTFUL RECEIVABLES FROM CUSTOMERS IN
UKRAINE
    * RESTRICTIONS ON THE SUPPLY CHAIN AND PRODUCTION IN RUSSIA
AND
ROMANIA ARE EXPECTED TO AFFECT THE RESULTS FOR 2022

Source text: https://bit.ly/3lkXeWl
Further company coverage:  FRIr.AT 

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