Brief: Sogefi H1 Net Result Turns To Loss Of EUR 28.8 Mln

Sogefi SpA

27/07/2020 12:39

July 27 (Reuters) - Sogefi SpA  SGFI.MI :
    * H1 REVENUE EUR  519.5 MILLION VERSUS EUR 777.8 MILLION
YEAR AGO
    * H1 NET LOSS EUR 28.8 MILLION VERSUS PROFIT EUR 6.9 MILLION
YEAR
AGO
    * HAS LAUNCHED PLAN FOR A SIGNIFICANT REDUCTION IN FIXED
COSTS,
WHICH WILL BE COMPLETED WITHIN  FIRST HALF OF 2021
    * HAS ENTERED INTO NEGOTIATIONS WITH ITS FINANCIAL PARTNERS
TO
OBTAIN RENEWALS AND NEW MEDIUM-TERM LOANS FOR TOTAL VALUE IN THE
ORDER OF € 100 MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA98Dfw5
Further company coverage:  SGFI.MI 

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