Due to the global health emergency, on May 7^th BasicNet’s CEO Federico Trono illustrated the Q1 2020 commercial results through videoconference with his colleagues. Worldwide aggregate sales of BasicNet’s brand products of 216.7 million euros (-10.3% despite the +9.4% in the first 2 months of this year) and consolidated revenues of 70.6 million (-5.3% versus +15.3% in January and February). The Q1 2020 commercial results of BasicNet reflect the restrictive measures to contain the spread of the Covid-19. Europe reported a 9.1% slowdown; the Americas 9%; the Middle East and Africa 18.7%; Asia and Oceania, where the impacts from the health emergency were dealt with earlier, 33.6%. The Q1 2020 results were approved by the Board of Directors, called to meet in the same morning under the chairmanship of Marco Boglione.

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