March 16, 2020 / 9:27 AM / 16 days ago

BRIEF-Giglio Group FY Net Loss Widens To EUR 15.8 Mln, Issues 2020-2022 Business Plan

March 16 (Reuters) - Giglio Group SpA:

* REPORTED ON SATURDAY FY REVENUE EUR 40.2 MLN VS EUR 39.6 MLN YEAR AGO

* FY NET LOSS EUR 15.8 MLN VS LOSS EUR 8.3 MLN YEAR AGO

* ISSUES 2020-2022 BUSINESS PLAN

* TARGETS 2022 EBITDA ABOVE EUR 10 MLN

* TARGETS OVERALL INVESTMENTS OF EUR 1.5 MLN UNDER 2020-2022 PLAN

* TARGETS NET FINANCIAL DEBT AT END-2022 OF EUR 3-5 MLN

* DEVELOPED ONLINE SALES STRATEGY TO SUPPORT BRANDS IN RECOVERING FROM “MASSIVE” TURNOVER LOSSES DUE TO COVID-19

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Further company coverage: (Gdansk Newsroom)

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