July 2 (Reuters) - Lovisa Holdings Ltd LOV.AX :
* AT END OF FY, CO NOW TRADES FROM 434 STORES, INCLUDING FRANCHISE STORES
* MADE DECISION TO REINSTATE MAJORITY OF OUR TEAMS
* DISRUPTION TO NORMAL TRADING CONDITIONS THROUGHOUT Q4 RESULTED IN SIGNIFICANT REDUCTION IN SALES FOR THAT PERIOD
* MADE DECISION NOT TO RE-OPEN STORES IN SPAIN AND TO EXIT SPANISH MARKET
* EXPECTS IMPAIRMENT CHARGE AND ASSOCIATED PROVISIONS AGAINST BUSINESS IN SPAIN OF ABOUT A$3.3 MILLION IN FY20
* SALES REVENUE (EXCLUDING FRANCHISE REVENUE) FOR FY ENDED 28 JUNE OF $237 MILLION, COMPARED TO $249M IN IN FY19
* ONLINE BUSINESS WAS ABLE TO DELIVER 256% GROWTH ON PRIOR YEAR DURING Q4
* DISCUSSIONS WITH LANDLORDS ARE CONTINUING IN RELATION TO RENT SUBSIDIES & ABATEMENTS THROUGHOUT CLOSURE PERIOD & BEYOND
* TO REINSTATE MAJORITY OF OUR TEAMS