Brief: Sogefi FY Net Result Turns To Loss Of EUR 35.1 Mln

Sogefi SpA

26/02/2021 13:52

Feb 26 (Reuters) - Sogefi SpA  SGFI.MI :
    * THE BOARD APPOINTS FREDERIC SIPAHI GROUP CEO
    * FY NET LOSS EUR 35.1 MILLION VERSUS PROFIT EUR 3.2 MILLION
YEAR
AGO
    * FY REVENUE EUR 1.20 BILLION VERSUS EUR 1.46 BILLION YEAR
AGO
    * EXPECTS TO RETURN TO PROFIT FOR THE FULL YEAR 2021
    * FY EBITDA EUR 137.6 MILLION VERSUS EUR 177.4 MILLION YEAR
AGO
    * BOARD TO PROPOSE THAT NO DIVIDENDS WILL BE DISTRIBUTED
    * Q4 REVENUES  ROSE BY 2% AT HISTORICAL EXCHANGE RATES, BY
8.9% AT
CONSTANT EXCHANGE RATES COMPARED TO SAME PERIOD OF 2019
    * LOWER VOLUMES DUE TO COVID-19 HAD NEGATIVE IMPACT ON FY
EBIT OF
€ 34 MILLION AND OF € 21 MILLION ON NET RESULT

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA8FPMxt
Further company coverage:  SGFI.MI 

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