Brief: Landi Renzo H1 Net Result Turns To Loss Of EUR 6.6 Mln

Landi Renzo SpA

11/09/2020 17:16

Sept 11 (Reuters) - Landi Renzo SpA  LR.MI :
    * H1 REVENUE EUR 59.9 MILLION VERSUS EUR 102.0 MILLION YEAR
AGO
    * H1 NET LOSS EUR 6.6 MILLION VERSUS PROFIT EUR 2.9 MILLION
YEAR
AGO
    * MOST RECENT FORECASTS CALL FOR SIGNIFICANT RECOVERY OF
SALES IN
H2 VERSUS H1 2020
    * SEES 2020 REVENUES TO DECLINE BY APPROX. 25% OVERALL
YEAR/YEAR
    * SEES FINAL NET LOSS TO DECLINE CONSIDERABLY AND EBITDA TO
IMPROVE COMPARED TO H1

Source text for Eikon:  ID:nBIA7z8wTK 
Further company coverage:  LR.MI 

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