Brief: Italy's IGD H1 Net Result Turns To Loss Of EUR 38.8 Mln

Immobiliare Grande Distribuzione SIIQ SpA

06/08/2020 11:27

Aug 6 (Reuters) - Immobiliare Grande Distribuzione SIIQ SpA
 IGD.MI :
    * H1 REVENUE EUR 74.6 MILLION VERSUS EUR 77.3 MILLION YEAR
AGO
    * H1 NET LOSS EUR  38.8 MILLION VERSUS PROFIT EUR 7.1
MILLION YEAR
AGO
    * GUIDANCE FFO 2020 IS EQUAL TO APPROX. € 0.54 - € 0.57 PER
SHARE,
WHICH REPRESENTS A REDUCTION OF APPROX. -28% / - 25% RESPECT AT
FFO 2019
    * 2021 TARGETS FOR BUSINESS PLAN 2019 2021 SHOULD NO LONGER
BE
CONSIDERED CURRENT DUE TO COVID-19 CRISIS
    * COMPANY TO PREPARE UPDATED BUSINESS PLAN WHEN OVERALL
PICTURE
CLEARER AND MORE STABLE
    * IS FINALIZING AGREEMENT TO OBTAIN LOAN STATE GUARANTEE
PROVIDED
BY SACE FOR ABOUT EUR 37 MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nBIAbBqrz5
Further company coverage:  IGD.MI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))