Brief: GPI Net Profit Up At EUR 9.4 Mln

Gpi

30/03/2020 09:09

March 30 (Reuters) - GPI SpA  GPI.MI :
    * REPORTED ON FRIDAY FY REVENUE EUR 241.0 MLN VS EUR 203.7
MLN
YEAR AGO
    * FY NET PROFIT EUR 9.4 MLN VS EUR 9.2 MLN YEAR AGO
    * NOT TO DISTRIBUTE DIVIDENDS ON 2019 RESULTS AMID COVID-19
EMERGENCY
    * TO PRESENT 2020-2024 BUSINESS PLAN ON APRIL 16
    * NO ORDERS HAVE BEEN CANCELLED SO FAR
    * SOME PUBLIC HOSPITALS HAVE CLOSED BOOKING OF APPOINTMENTS
    * CANCELLED AND RE-BOOKED APPOINTMENTS RESULT IN HIGHER
VOLUMES
RESULTING IN POSITIVE NET IMPACT
    * SEES INCREASE IN REVENUE AND EBITDA IN FY 2020 IF THERE IS
SHORT-TERM RESOLUTION OF COVID-19 EMERGENCY
    * WILL REVIEW BUSINESS PLAN IF COVID-19 EMERGENCY CONTINUES
IN
LONG TERM    

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA5Bw8x5
    
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