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

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.

Ads

“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.