Brief: Illa Issues 2020-2023 Business Plan, 2019 Estimates

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

08/11/2019 09:02

Nov 8 (Reuters) - ILLA SpA  ILLA.MI :
    * SAID ON THURSDAY IT HAD ISSUE 2020-2023 BUSINESS PLAN AND
2019
ESTIMATES FOLLOWING FALL IN BUSINESS VOLUME WITH IKEA
    * 2020-2023 BUSINESS PLAN INCLUDES AS PRECAUTION COMPLETE
EXIT OF
CLIENT IKEA AS OF 2021
    * SEES 2019 REVENUE OF EUR 28.6 MLN 
    * SEES 2019 EBITDA LOSS OF EUR 0.5 MLN
    * SEES 2019 NET LOSS EUR 1.7 MLN
    * TARGETS 2020 REVENUE OF EUR 29.6 MLN
    * TARGETS 2023 REVENUE OF EUR 35-37 MLN
    * TARGETS 2020 CLOSE TO BREAK-EVEN
    * TARGETS 2023 EBITDA MARGIN BETWEEN 6-7%

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA5htVvC
    
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