Brief: Servizi Italia FY Net Profit Down At EUR 9.5 Mln
13/03/2020 14:15
March 13 (Reuters) - Servizi Italia SpA SERIT.MI :
* FY NET PROFIT EUR 9.5 MILLION VERSUS EUR 12.1 MILLION
YEAR AGO
* FY REVENUE EUR 262.4 MILLION VERSUS EUR 250.9 MILLION
YEAR AGO
* PROPOSES DIVIDEND OF EUR 0.14 PER SHARE
* GROUP'S ACTIVITIES ARE INFLUENCED BY THE GENERAL ECONOMIC
CONDITIONS OF THE COUNTRIES IN WHICH IT OPERATES
* GROUP ACTIVITIES, AND IN PARTICULAR THOSE OF PARENT
COMPANY, ARE
INFLUENCED BY EVOLUTION OF CONTINGENT EPIDEMIOLOGICAL SITUATION
* MANAGEMENT IS MONITORING SITUATION, THIS IS EXPECTED TO
LEAD TO
ADDITIONAL FEES TO COPE WITH DIFFERENT COST DYNAMIC COMPARED TO
ORDINARY NATURE CURRENT CONTRACT
* EVEN CONSIDERING FORECAST OF AN OVERALL POSITIVE OPERATING
MARGIN IN FUTURE, WASH-HIRE SECTOR IN ITALY WILL BE AFFECTED, IN
MEDIUM TERM, BY A REDUCTION IN TURNOVER AND OPERATING MARGINS
* GROUP AS A WHOLE WILL BE ABLE TO BENEFIT FROM EFFECTS OF
INTERNATIONALIZATION STRATEGY BY CONSOLIDATING POSITIVE RESULTS
ACHIEVED IN COUNTRIES WHERE IT OPERATES, PARTICULARLY IN BRAZIL
AND TURKEY
Source text for Eikon: urn:newsml:reuters.com:*:nBIA1HFxP8
Further company coverage: SERIT.MI
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