Italy's biggest distributor storms into Q1 with EBIT up 24 per cent
Esprinet has seen profits up double digits despite Italy being among the first countries in Europe to go into a COVID-19 lockdown

€3.6bn-revenue giant Esprinet has opened its FY 2020 with a strong quarter, despite Italy's coronavirus lockdown, with CEO Alessandro Cattani saying it is well placed to meet the future challenges of the pandemic. Q1 EBIT was €8.3m, up 24 per cent year on year. Revenues for the quarter were also up, by four per cent, to €913.8m. "This is even more significant in the light of the context that developed in the second part of the quarter," Cattani said. "From the onset of the Covid-19 emergency,...
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