Brief: SIT Q1 Net Profit At EUR 4.2 Mln

SIT SpA

13/05/2020 12:52

May 13 (Reuters) - SIT SpA  SITT.MI :
    * Q1 REVENUE EUR 73.4 MILLION VERSUS EUR 80.6 MILLION YEAR
AGO
    * Q1 NET PROFIT EUR 4.2 MILLION
    * IN UNCERTAIN ENVIRONMENT DUE TO COVID-19 CRISIS, SIT CAN
RELY ON
ADDITIONAL LIQUIDITY AGREED WITH BANKING SYSTEM TO MANAGE ANY
TEMPORARY NEEDS WHICH MAY ARISE
    * WITH REGARD TO SALES ORDERS, UPDATES AND IDENTIFICATION OF
POSSIBLE FUTURE SCENARIOS WITH MAIN CUSTOMERS ARE IN PROGRESS
    * ON COVID-19, SIT'S OVERSEAS FACILITIES - EXCEPT FOR CHINA
- WERE
NOT SIGNIFICANTLY IMPACTED BY OBLIGATORY CLOSURES REQUIRED BY
RESPECTIVE GOVERNMENTS

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA1r7FL1
Further company coverage:  SITT.MI 

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