Brief: Landi Renzo FY Net Profit Up At EUR 4.7 Mln

Landi Renzo SpA

15/03/2019 07:51

March 15 (Reuters) - Landi Renzo SpA  LR.MI :
    * REPORTED ON THURSDAY FY REVENUE OF EUR 188.1 MILLION, UP
12.5
PCT ON A LIKE-FOR-LIKE CONSOLIDATION BASIS
    * FY REVENUE EUR 188.1 MLN VS EUR 206.3 MLN YEAR AGO
    * FY NET PROFIT EUR 4.7 MLN VS EUR 4.1 MLN YEAR AGO 
    * INCREASE IN SALES COMES MAINLY FROM AFTER MARKET CHANNEL
PERFORMANCE (ABOUT 19.9 PCT OF SALE), IN EMERGING MARKETS IN
PARTICULAR
    * SEES 2019 REVENUE OF EUR 185 MILLION TO EUR 190 MILLION
    * SEES 2019 ADJUSTED EBITDA OF ABOUT EUR 27 MILLION
    * TO SUBMIT TO SHAREHOLDERS PROPOSAL TO RENEW THE BUY-BACK
AND/OR
DISPOSAL OF TREASURY SHARES PLAN 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA8m0b96
    
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