Brief: Servizi Italia Net Result Turns To Loss Of EUR 39,000

Servizi Italia SpA

13/05/2020 17:38

May 13 (Reuters) - Servizi Italia SpA  SERIT.MI :
    * Q1 REVENUE EUR 62.9 MILLION VERSUS EUR 65.1 MILLION YEAR
AGO
    * Q1 NET LOSS EUR 39,000 VERSUS PROFIT EUR 2.7 MILLION YEAR
AGO
    * MANAGEMENT WILL BE AFFECTED IN MEDIUM TERM BY REDUCTION IN
TURNOVER IN DOMESTIC WASH-HIRE SECTOR
    * REMAINS CONFIDENT THAT IT CAN EFFICIENTLY MANAGE THE
EFFECTS OF
THE CURRENT EPIDEMIOLOGICAL CRISIS
    * GROUP WILL BE ABLE TO BENEFIT FROM EFFECTS OF
INTERNATIONALIZATION STRATEGY BY CONSOLIDATING POSITIVE RESULTS
ACHIEVED PARTICULARLY IN BRAZIL AND TURKEY

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA8KTylv
Further company coverage:  SERIT.MI 

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