Brief: Prismi Revises 2019 Estimates

PRISMI SpA

22/11/2019 06:47

Nov 22 (Reuters) - Prismi SpA  PRSM.MI :
    * SAID ON THURSDAY REVISED DOWN 2019 ESTIMATES FOR
PRODUCTION
VALUE AND EBITDA 
    * EXPECTS PRODUCTION VALUE BETWEEN EUR 20.9-21.9 MLN
COMPARED TO
EUR 27.2 MLN IN 2019-2023 BUSINESS PLAN
    * EXPECTS EBITDA MARGIN BETWEEN 7% AND 10% COMPARED TO 19.4%
IN
2019-2023 BUSINESS PLAN
    * SAYS REDUCTION OF PRODUCTION VALUE IS DUE, AMONG OTHER
THINGS,
TO THE IMPLEMENTATION OF RESTRICTIONS ON CREDIT CONDITIONS
    * SAYS EBITDA REDUCTION IS DUE FOREMOST TO CHANGES IN
PRODUCTION
VALUE, WITH CONSEQUENT GREATER INCIDENCE OF FIXED COSTS
    * SAYS TO UPDATE AND ISSUE 2019-2023 PLAN IN THE COMING
MONTHS,
CONFIRMS STRATEGIC LINES IN LIEU OF A PREDICTABLE 12-MONTH DELAY
IN ACHIEVING ITS TARGETS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIAbZZ0R8
    
 Further company coverage:  PRSM.MI  
   


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