Moschino owner Aeffe unlikely to pay dividend on 2019 results: executive

MILAN (Reuters) – Italy’s Aeffe Spa, owner of the Alberta Ferretti and Moschino fashion houses, expects its first-quarter results to be hit by the coronavirus outbreak in China, a top executive told Reuters on Wednesday.

“The spread of the coronavirus will certainly have an impact on first-quarter results, I hope just on those,” managing Director Marcello Tassinari said on the sidelines of Alberta Ferretti’s fashion show in Milan.

He added the group was unlikely to pay a dividend on its 2019 results.

“Given the current situation, it’s better to be cautious,” he said. China accounts for around 10% of Aeffe’s revenues.

A company spokesman later clarified the impact would be small.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.