March 5, 2020 / 3:07 PM / a month ago

CORRECTED-BRIEF-Massimo Zanetti FY Net Profit Down At EUR 15.3 Mln

(Corrects to ‘down’ from ‘up’ in title.)

March 5 (Reuters) - Massimo Zanetti Beverage Group SpA :

* FY REVENUE EUR 914.5 MILLION VERSUS EUR 891.2 MILLION YEAR AGO

* FY NET PROFIT EUR 15.3 MILLION VERSUS EUR 19.9 MILLION YEAR AGO

* FY ADJUSTED EBITDA EUR 84.0 MILLION VERSUS EUR 73.7 MILLION YEAR AGO

* SEES IN 2020 EBITDA ADJUSTED IN LINE WITH 2019

* IN 2020 NET DEBT IS EXPECTED TO BE AROUND EURO 250 MILLION, ASSUMING INVESTMENTS OF EURO 50 MILLION Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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