Brief: 2CRSI Announces Expected Impact Of COVID-19 On Its 2020/21 Activity

2Crsi SA

26/02/2020 17:47

Feb 26 (Reuters) - 2CRSI SA  2CRSI.PA :
    * 2CRSI: EXPECTED IMPACT OF THE CLOSURE OF SEVERAL ASIAN
FACTORIES
AS A RESULT OF COVID-19
    * 2CRSI MAY BE LESS IMPACTED THAN OTHER MARKET PLAYERS
    * 2CRSI GROUP'S NEW REVENUE TARGET FOR FINANCIAL YEAR
2020/21 IS
EUR 200M
    * GROUP WOULD LIKE TO POINT OUT THAT ITS SALES IN CHINA
AMOUNT TO
LESS THAN ONE PER CENT OF ITS ANNUAL REVENUE
    * VERY LONG DELIVERY DELAYS CAUSED BY OUTBREAK WILL IMPACT
ENTIRE
CAPACITY TO DELIVER CERTAIN ORDERS SCHEDULED FOR EXECUTION IN Q1
    * EBITDA MARGIN TARGET IS EXPECTED AT BETWEEN 6.5% AND 7%
FOR
2020/21
    * DELAYS WILL NEGATIVELY IMPACT 2019/20 FINANCIAL YEAR-END
AND
START OF FINANCIAL YEAR 2020/21.
    * GROUP HAS SIGNIFICANT STOCKS OF CRITICAL COMPUTER
COMPONENTS

Source text for Eikon:  ID:nBw3xg2dSa 
Further company coverage:  2CRSI.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))