Brief: Sogefi Q1 Net Profit Turns To Loss Of EUR 5.6 Mln

Sogefi SpA

20/04/2020 16:11

April 20 (Reuters) - Sogefi SpA  SGFI.MI :
    * Q1 REVENUE EUR 350.2 MILLION VERSUS EUR 389.9 MILLION YEAR
AGO
    * Q1 NET LOSS EUR 5.6 MILLION VERSUS PROFIT EUR 1.6 MILLION
YEAR
AGO
    * CIRCUMSTANCES MAKE PREDUCTIONS HIGHLY UNCERTAIN
    * REVENUES +1% IN FIRST 2 MONTHS AND -30% IN MARCH, DUE TO
COVID-19
    * SEES BOTH FOR PERIOD OF CLOSURE AND FIRST MONTHS AFTER
BUSINESS
STARTS UP AGAIN SIGNIFICANT ECONOMIC LOSSES
    * SEES ECONOMIC LOSSES TO BE ALSO REFLECTED IN INCREASE IN
NET
DEBT

Source text for Eikon:  ID:nBIA2ztrg4 
Further company coverage:  SGFI.MI 

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