Brief: GVS H1 Net Profit Up At EUR 27.0 Mln

GVS

09/09/2020 12:42

Sept 9 (Reuters) - GVS SpA  GVS.MI :
    * H1 REVENUE EUR 146.3 MILLION VERSUS EUR 116.7 MILLION YEAR AGO
    * H1 NET PROFIT EUR 27.0 MILLION VERSUS EUR 16.4 MILLION YEAR AGO
    * EXPECTS REVENUE NET OF ACQUISITIONS IN 2020 OF AROUND EUR 280-320 MILLION, UP 23%-41%
YEAR/YEAR
    * GROWTH IN 2020 IS HIGHER THAN HISTORICAL AVERAGE DUE TO HIGHER DEMAND FOR FILTERS DUE TO
COVID-19
    * H1 SAW MARKED RISE IN SALES OF FILTERS FOR VENTILATORS AND OF MASKS FOR HOSPITALS
    * DUE TO HIGHER DEMAND, INVESTED IN 41 NEW PRODUCTION LINES FROM MARCH 2020

Source text for Eikon:  ID:nBIA9B2ggk 
Further company coverage:  GVS.MI 

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