Brief: Illa FY Loss Widens To EUR 2.4 Mln

I.l.l.a. S.p.a

01/06/2020 09:23

June 1 - ILLA SpA  ILLA.MI :
    * REPORTED ON FRIDAY FY TOTAL PRODUCTION VALUE EUR 29.8 MLN
VS EUR
33.1 MLN YEAR AGO 
    * FY NET LOSS EUR 2.4 MLN VS LOSS EUR 0.7 MLN YEAR AGO 
    * DUE TO CURRENT HEALTH EMERGENCY SITUATION, BUDGET BALANCE
EXPECTED FOR NOV 2019 IS NO LONGER ACHIEVABLE IN 2020
    * REQUESTED ORDINARY WAGES GUARANTEE FUND AS SET OUT IN THE
“CURA
ITALIA DECREE” OF 17 MARCH 2020 
    * REQUESTED FOR NEW MEDIUM-TERM CREDIT LINES FOR LIQUIDITY
PURPOSES AS SET OUT IN THE “CURA ITALIA DECREE” OF 17 MARCH 2020

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA9gw8x
    
 Further company coverage:  ILLA.MI