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

By
Reuters
Published
Feb 19, 2020
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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.


Moschino - Spring-Summer2020 - Womenswear - Milan - © PixelFormula



“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.

© Thomson Reuters 2020 All rights reserved.