Brief: Vista Alegre February Turnover Down 32.8% YoY, At 6.5 Mln Euros

VAA Vista Alegre Atlantis SGPS SA

05/03/2021 07:32

March 5 (Reuters) - VAA Vista Alegre Atlantis SGPS SA
 VAF.LS :
    * SAID ON THURSDAY IN FEBRUARY TURNOVER WAS 6.5 MILLION
EUROS,
DOWN 32.8% YEAR ON YEAR
    * ONLINE SALES CONTINUED TO PERFORM WELL IN FEBRUARY,
PARTIALLY
OFFSETTING DROP IN RETAIL CHANNEL, AS CHAIN OF STORES IN
PORTUGAL REMAINED CLOSED DUE TO SUSPENSION OF RETAIL TRADE
ACTIVITIES
    * PRIVATE LABEL CHANNEL SALES RECORDED DECREASE IN FEBRUARY
COMPARED TO THE SAME PERIOD IN 2020
    * COMPANY SECURED NEW SUPPLY CONTRACTS FOR OVER 20 MILLION
EUROS
FOR Q2, Q3 AND Q4 OF 2021
    * EUROPE IS PRINCIPAL DESTINATION FOR THIS NEW PRODUCTION,
WITH
FRANCE, GERMANY AND SCANDINAVIA AS MAIN MARKETS, WHILE ABOUT 25%
ARE DESTINED FOR ASIAN REGION
    * TO CONTAIN LEVEL OF CONTAGION RECORDED AT SATAO INDUSTRIAL
UNIT
OF CERUTIL – CERAMICAS UTILITARIAS SA, IN STONEWARE SEGMENT, VAA
WILL CONTINUE IN MARCH WITH TEMPORARY 40% REDUCTION OF NORMAL
WEEKLY HOURS WORKED IN RELATION TO 98.15% OF ITS EMPLOYEES
    * TEMPORARY SUSPENSION OF EMPLOYMENT CONTRACTS COMMUNICATED
IN
FEBRUARY WAS EXTENDED IN MARCH
    * THIS SUSPENSION WILL AFFECT 10.81% OF EMPLOYEES IN
PORCELAIN
SEGMENT AND 1.64% OF EMPLOYEES OF FAIANCAS ARTISTICAS BORDALO
PINHEIRO IN EARTHENWARE SEGMENT
    * STONEWARE TABLEWARE PRODUCTION UNIT OF RIA STONE, FABRICA
DE
LOUCA DE MESA EM GRES SA, RESUMED NORMAL OPERATIONS AND FULL
WORKING REGIME AS OF MARCH 1

    
 Source text: https://bit.ly/3rjC5gh
    
 Further company coverage:  VAF.LS  
   

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