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India

Italy's Fincantieri says COVID-19 significantly impacting 2020 operations


Thursday, 2 Apr 2020 

April 1 (Reuters) - Italy's Fincantieri says::2019 GROUP EBITDA 320 MILLION EUROS FROM 421 MILLION EUROS PREVIOUS YEAR, EBITDA MARGIN 5.5% VERSUS 7.8%.2019 GROUP NET LOSS 148 MILLION EUROS FROM RESTATED PROFIT OF 69 MILLION EUROS PREVIOUS YEAR.COVID-19 EMERGENCY IS SIGNIFICANTLY AFFECTING THE COURSE OF THE GROUP 2020 BUSINESS OPERATIONS.BELIEVES ITS EQUITY AND ECONOMIC STRUCTURE WILL SUCCESSFULLY COPE WITH REPERCUSSIONS OF THE EMERGENCY SHOULD CRISIS CEASE WITHIN REASONABLE TIME. 

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