trending Market Intelligence /marketintelligence/en/news-insights/trending/QDFLObtP2C4ScnVcBJArCQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Landi Renzo Q2 loss narrows YOY


ESG hits the mainstream for European private equity sponsors


What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals


Banking Essentials Newsletter - February Edition, Part 2


Episode 3: Transformation of Customer Experience in 2020

Landi Renzo Q2 loss narrows YOY

Landi Renzo S.p.A. said its second-quarter normalized net income amounted to a loss of 2 euro cents per share, compared with a loss of 3 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €1.7 million, compared with a loss of €3.3 million in the year-earlier period.

The normalized profit margin declined to negative 7.4% from negative 6.3% in the year-earlier period.

Total revenue declined 8.9% year over year to €47.9 million from €52.6 million, and total operating expenses declined 11.2% on an annual basis to €50.6 million from €56.9 million.

Reported net income totaled a loss of €8.4 million, or a loss of 7 cents per share, compared to a loss of €4.4 million, or a loss of 4 cents per share, in the prior-year period.