Brief: Sogefi FY Net Profit Shrinks To EUR 3.2 Mln

Sogefi SpA

24/02/2020 14:37

Feb 24 (Reuters) - Sogefi SpA  SGFI.MI :
    * FY NET PROFIT EUR 3.2 MILLION VERSUS EUR 14.0 MILLION YEAR
AGO
    * FY REVENUE EUR  1.52 BILLION VERSUS EUR 1.57 BILLION YEAR
AGO
    * FY EBITDA EUR 174.3 MILLION VERSUS EUR 176.1 MILLION YEAR
AGO
    * EXPECTS TURNOVER TO BE SUBSTANTIALLY IN LINE WITH 2019 AND
SLIGHTLY ABOVE THE MARKET
    * FORECASTS DO NOT INCLUDE EFFECTS OF CORONAVIRUS CRISIS
    * GIVEN LIMITED CO'S EXPOSITION TO CHINA, MAIN RISKS OF
CORONAVIRUS COME FROM IMPACT OF VIRUS ON GLOBAL ECONOMY AND ON
GLOBAL AUTOMOBILE PRODUCTION
    * BOARD TO PROPOSE TO SHAREHOLDERS NOT TO DISTRIBUTE
DIVIDENDS 

Source text for Eikon:  ID:nBIA6ydCjR 
Further company coverage:  SGFI.MI 

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