Brief: Italia Independent Group FY Net Loss Widens To EUR 14.3 Mln

IIG SpA in Liquidazione

29/05/2020 07:15

May 29 - Italia Independent Group SpA  IINT.MI :
    * REPORTED ON THURSDAY FY PRODUCTION VALUE EUR 7.8 MLN VS
EUR 19.4
MLN YEAR AGO 
    * FY NET LOSS EUR 14.3 MLN VS LOSS EUR 6.1 MLN YEAR AGO 
    * BOARD APPROVED REVISION OF 2020 TARGETS AND 2021-2023
BUSINESS
PLAN 
    * 2020 TARGETS REVISED DOWNWARD TO PRICE IN COVID-19
ECONOMIC
IMPACTS
    * UNDER 2021-2023 BUSINESS PLAN, SEES REVENUES TO GROW
STEADILY UP
TO EUR 40 MLN IN 2023
    * SEES NET RESULT TO REACH SUBSTANTIAL PARITY OF IN 2021
    * SEES EBITDA AT EUR 5.8 MLN AND NET PROFIT OVER EUR 3.0 MLN
IN
2022

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA6WjBws
    
 Further company coverage:  IINT.MI