Brief: Precia Q1 Turnover Down 6.3% At 29.8 Million Euros

Precia SA

15/05/2020 17:53

May 15 (Reuters) - Precia SA  PREP.PA :
    * DURING Q1 2020, PRECIA MOLEN GROUP ACHIEVED A TURNOVER OF
€ 29.8
M, DECREASING BY 6.3% VERSUS Q1 2019
    * ON CORONAVIRUS: THE LOCKDOWN OF OUR FRENCH FACTORIES AND
THE
DECREASE OF SERVICE ACTIVITY HAD A NEGATIVE IMPACT ON FIRST
QUARTER TURNOVER
    * ON CORONAVIRUS: SIGNIFICANT IMPACT OF OUR ACQUISITION,
MILVITEKA, SHOULD SIGNIFICANTLY COMPENSATE NEGATIVE IMPACT OF
COVID-19 ON OUR 2020 TURNOVER AND RESULT
    * ON CORONAVIRUS: BOTH OUR FACTORIES IN FRANCE RESUMED
PRODUCTION
EARLY APRIL AND HAVE REACHED 90% OF THEIR CAPACITY AS SOON AS
THE LOCKDOWN WAS LIFTED

Source text for Eikon:  ID:nNDLbQnhk8 
Further company coverage:  PREP.PA 

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