Brief: 600 Group Sees Q4 Order Intake Below Originally Predicted Levels

600

21/02/2020 07:42

Feb 21 (Reuters) - 600 Group PLC  SIXH.L :
    * 600 GROUP PLC - ORDER INTAKE FOR Q4 EXPECTED TO BE
SIGNIFICANTLY
BELOW ORIGINALLY PREDICTED LEVELS
    * 600 GROUP - TRADING CONDITIONS BECOME MORE CHALLENGING
WITH
COMBINATION OF GM STRIKE AND SUSPENSION OF MANUFACTURE BY BOEING
OF 737 MAX
    * 600 GROUP PLC - CORONAVIRUS IS CAUSING DISRUPTION TO
SHIPPING
FROM FAR EAST
    * 600 GROUP - NO SIGNIFICANT VOLUME OF SALES, LITTLE DIRECT
SOURCING FROM MAINLAND CHINA, EFFECT OF DELAYS TO DELIVERIES
PUSHING SALES PAST END OF MARCH
    * 600 GROUP- EXPECTED RESULTANT SHORTFALL IN REVENUE AGAINST
RELATIVELY FIXED COST BASE, OUTTURN FOR FY SEEN SIGNIFICANTLY
BELOW EXPECTATIONS

Source text for Eikon:  ID:nRSU6781Da 
Further company coverage:  SIXH.L 

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