June 23, 2020 / 5:41 AM / 13 days ago

BRIEF-Netxtil Q1 Net Sales Drop 13.8% To 21.0 Mln Euros YoY

June 23 (Reuters) - Nueva Expresion Textil SA:

* SAID ON MONDAY Q1 NET SALES 21.0 MILLION EUROS VERSUS 24.4 MILLION EUROS YEAR AGO

* Q1 EBITDA 1.1 MILLION EUROS VERSUS 1.5 MILLION EUROS YEAR AGO

* Q1 EBIT NEGATIVE 990.000 EUROS VERSUS POSITIVE 124.000 EUROS YEAR AGO

* Q2 WILL “NOT BE GOOD” DUE TO CORONAVIRUS RESTRICTIONS IN SPAIN

* SEES RECOVERY IN NET SALES IN THE FABRIC DEPARTMENT FROM H2 ONWARDS

Source text: bit.ly/37Uknr0 Further company coverage: (Gdansk Newsroom)

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