May 11, 2020 / 1:44 PM / 25 days ago

BRIEF-Wiit Q1 Adj. Net Profit Down At EUR 1.6 Mln

May 11 (Reuters) - Wiit SpA:

* Q1 REVENUE EUR 11.6 MILLION VERSUS EUR 7.5 MILLION YEAR AGO

* Q1 ADJUSTED NET PROFIT EUR 1.6 MILLION VERSUS 2.3 MILLION YEAR AGO

* VISIBILITY FOR 2020 SIGNIFICANTLY REDUCED DUE TO COVID-19 EMERGENCY

* DOES NOT EXPECT SIGNIFICANT IMPACTS ON BUSINESS

* IF SITUATION EXTENDS BEYOND H1, IMPACT MAY BE FELT ON SALES TO NEW CUSTOMERS

* STRONG INTEREST YTD IN SMART WORKING AND CYBER SECURITY, RESULTS ALREADY EMERGING IN MARCH AND APRIL Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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