Brief: GVS Q1 Net Profit Up At EUR 31.4 Mln

GVS

10/05/2021 14:19

May 10 (Reuters) - GVS SpA  GVS.MI :
    * Q1 NET PROFIT EUR 31.4 MILLION VERSUS EUR  8.7 MILLION
YEAR AGO
    * Q1 REVENUE EUR  103 MILLION VERSUS EUR  60.2 MILLION YEAR
AGO
    * IT IS EXPECTED EBITDA MARGIN ACHIEVED IN Q1 2021 WILL TEND
TO
NORMALIZE IN FOLLOWING QUARTERS, WITH EXPECTED OVERALL RESULT IN
RANGE OF 32% TO 35%
    * CONFIRMS YEAR-END EXPECTATIONS, WITHOUT CONSIDERING
CONTRIBUTION
OF ANY NEW ACQUISITIONS, ON TURNOVER LEVEL IN RANGE BETWEEN
345-370 MILLION EUROS
    * FORECASTS OF ORDERS FOR 2021 RELATING TO CUSTOMERS IN
ENERGY &
MOBILITY SECTOR ARE ESTIMATED TO BE GRADUALLY RECOVERING
COMPARED TO PRE-PANDEMIC LEVELS

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA26zp5P
Further company coverage:  GVS.MI