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Covid weighs on Masi, profit drops to 0.8 million in 2020
"Difficult forecast" for 2021, too many uncertainties
Covid weighs on Masi Agricola. Profit drops to 0.8 million in 2020 against 4.3 million the previous year. Revenues fell by 20.4% and stood at 51.7 million euros due to the activation or the tightening of the restrictions on Horeca in the countries from time to time affected by epidemiological phases of Coronavirus. The gross industrial margin fell from 42.10 million to 33.15 million. Ebitda also decreased...
EFA News - European Food Agency