Brief: Piquadro Q1 Sales Down 63.5%, At EUR 12.2 Mln

Piquadro SpA

06/08/2020 11:47

Aug 6 (Reuters) - Piquadro SpA  PQ.MI :
    * Q1 CONSOLIDATED SALES € 12.2 MILLION (- 63.5% VERSUS THE
SAME
PERIOD LAST YEAR)
    * PIQUADRO CEO SAYS RESTRUCTURING OF MAISON LANCEL, DESPITE
T
COVID CONTINGENCY, IS CONTINUING WITH IMPACTS VISIBLE ON COMPANY
DYNAMICS
    * PIQUADRO CEO SAYS JULY DATA, ALTHOUGH DECREASING COMPARED
TO
PREVIOUS YEAR, ALLOW US TO BE CONFIDENT ABOUT DYNAMICS OF MIDDLE
TERM
    * PIQUADRO CHAIRMAN AND CEO SAYS Q1 WAS HEAVILY IMPACTED BY
EFFECTS OF PANDEMIC WITH CLOSURE OF NETWORK OF DIRECT AND
MULTI-BRAND STORES FOR ABOUT TWO MONTHS

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA2bVk1y
Further company coverage:  PQ.MI 

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