Brief: Gefran Q3 Net Profit Up At EUR 1.6 Mln

Gefran Spa

13/11/2019 13:26

Nov 13 (Reuters) - Gefran SpA  GFRN.MI :
    * CONFIRMING OUR PREVIOUS FORECAST, WE EXPECT TO CLOSE THE YEAR 2019 WITH HIGHER REVENUES
THAN
2018 AND EBITDA MARGIN IN LINE WITH THE ONE OF THE PREVIOUS YEAR (ADDS DROPPED LETTER)
    * Q3 REVENUE EUR 33.0 MILLION VERSUS EUR 30.8 MILLION YEAR AGO
    * Q3 NET PROFIT EUR 1.6 MILLION VERSUS EUR 1.4 MILLION YEAR AGO
    * EXPECT AN IMPROVEMENT IN REVENUES IN THE LAST PART OF THE YEAR, ESPECIALLY IN THE DRIVES
AND
MOTION CONTROL BUSINESS - CEO

Source text for Eikon:  ID:nBIA6D7XgC 
Further company coverage:  GFRN.MI 

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