Brief: Gabetti Q1 Gross Loss Widens To EUR 1.2 Mln

Gabetti Property Solutions SpA

15/05/2020 16:32

May 15 (Reuters) - Gabetti Property Solutions SpA  GABI.MI :
    * Q1 GROSS LOSS EUR 1.2 MILLION VERSUS LOSS EUR 0.9 MILLION YEAR AGO
    * Q1 REVENUE FROM AGENCY ACTIVITIES EUR 4.6 MILLION VERSUS EUR 5.2 MILLION YEAR AGO
    * Q1 EBITDA EUR 0.4 MILLION VERSUS EUR 0.6 MILLION YEAR AGO
    * COVID-19 ECONOMIC EFFECTS COULD JEOPARDIZE GROUP GROWTH AND IMPROVEMENT OF RESULTS
EXPECTED IN
2020
    * FOR YEAR REMAINDER, NEGATIVE EFFECTS OF COVID-19 CRISIS IN TERMS OF TURNOVER AND MARGINS
COULD
BE MORE SIGNIFICANT THAN IN Q1

Source text for Eikon:  ID:nBIA67Bz7t 
Further company coverage:  GABI.MI 

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