Brief: Monnalisa FY Net Result Turns To Loss of EUR 8.4 Mln

Monnalisa Spa

27/04/2020 07:20

April 27 (Reuters) - Monnalisa SpA  MONNA.MI :
    * REPORTED ON FRIDAY FY NET LOSS EUR 8.4 MLN VS PROFIT EUR
1.3 MLN
YEAR AGO
    * FY PRODUCTION VALUE EUR 50.1 MLN VS EUR 52.7 MLN YEAR AGO
    * ENCOURAGED USE OF HOLIDAYS AND LEAVES AND LATER RESORTED
TO
WAGES GUARANTEE FUND AMID COVID-19 PANDEMIC
    * VISIBILITY ON IMPACT OF COVID-19 ON 2020 SALES IS STILL
LIMITED
    * EXPECTS SHARP DECLINE IN 2020 REVENUES
    * KIDS STORES CAN BE OPEN AS OF APRIL 14 IN ITALY BUT
COMPANY
DECIDED THAT CLIENTS NEED TO BOOK APPOINTMENT TO VISIT STORES TO
PROTECT EMPLOYEES 


    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIAtk4YR
    
 Further company coverage:  MONNA.MI