Brief: GVS H1 Net Profit Down To EUR 7.3 Mln

GVS

05/09/2023 13:23

Sept 5 (Reuters) - GVS SpA  GVS.MI :
    * H1 NET PROFIT EUR 7.3 MILLION VERSUS EUR 32.4 MILLION YEAR
AGO
    * H1 REVENUE EUR 216.0 MILLION VERSUS EUR 168.2 MILLION YEAR
AGO
    * DE-STOCKING EXPECTED TO CONTINUE IN H2 2023, WITH
EXPECTATION OF
POTENTIAL RECOVERY IN SALES VOLUMES IN 2024
    * SEES 2023 TURNOVER IN RANGE OF BETWEEN EUR 425-430 MILLION
(VERSUS EUR 440-460 MILLION IN PREVIOUS FORECAST)

Further company coverage:  GVS.MI 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587720920;))