Brief: Italian Exhibition Group Q1 Net Profit Down At EUR 11.3 Mln

Italian Exhibition SpA

12/05/2020 16:56

May 12 (Reuters) - Italian Exhibition Group SpA  IEG.MI :
    * Q1 REVENUE EUR 60.4 MILLION VERSUS EUR 67.3 MILLION YEAR
AGO
    * Q1 NET PROFIT EUR 11.3 MILLION VERSUS EUR 12.6 MILLION
YEAR AGO
    * ESTIMATES IMPACTS OF COVID-19 WILL INVOLVE A DROP OF
ROUGHLY EUR
40 MILLION IN TOTAL REVENUES FOR 2020
    * TO DATE, NO TRADE FAIRS AND CONFERENCE EVENTS WILL BE HELD
IN 
SECOND QUARTER OF THE YEAR
    * COMPANY IS TAKING STEPS TO MAKE USE OF FINANCIAL SUPPORT
MEASURES SET FORTH IN THE ITALIAN "LIQUIDITY DECREE"

Source text: bit.ly/2Z8A2kj
Further company coverage:  IEG.MI 

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