Brief: GPI FY Net Profit Down To EUR 11.3 Mln

Gpi

29/03/2022 15:05

March 29 (Reuters) - GPI SpA  GPI.MI :
    * FY TOTAL REVENUE EUR 327.0 MILLION VERSUS EUR 271.0
MILLION YEAR
AGO
    * FY NET PROFIT EUR 11.3 MILLION VERSUS EUR 12.4 YEAR AGO
    * PROPOSES DIVIDEND EUR 0.50/SHARE
    * ON RUSSIA-UKRAINE CRISIS, GPI OPERATES IN RUSSIA THROUGH
ITS
SUBSIDIARY INFORMATICA GROUP, WHOSE CONTRIBUTION TO GROUP'S
RESULTS IS MARGINAL
    * ON RUSSIA-UKRAINE CRISIS, SUBSIDIARY RIEDL HAS FRAMEWORK
AGREEMENT WITH UKRAINIAN COMPANY FOR MOTOR COMPONENT
    * THE COMPANY IS LOCATED ON POLISH BORDER AND IS CURRENTLY
OPERATING WITH SOME LOGISTICAL LIMITATIONS
    * IN EVENT OF FURTHER DIFFICULTIES, GPI WILL BRING
PRODUCTION BACK
TO GERMANY

Further company coverage:  GPI.MI 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))