Brief: Alimak: Changes In Dividend And Further Impact From COVID-19

Alimak AB (publ)

01/04/2020 12:34

April 1 (Reuters) - Alimak Group AB (publ)  ALIG.ST :
    * CHANGES IN THE DIVIDEND PROPOSED TO THE ANNUAL GENERAL
MEETING
AND FURTHER IMPACT FROM COVID-19
    * PROPOSES A DIVIDEND FOR FINANCIAL YEAR 2019 OF SEK 1.75
PER
SHARE TO ANNUAL GENERAL MEETING TO BE HELD ON MAY 7, 2020
    * PREVIOUS PROPOSAL OF BOARD OF DIRECTORS OF ALIMAK GROUP
WAS A
DIVIDEND OF SEK 3.25 PER SHARE FOR 2019
    * CHINESE ORGANISATION IS NOW FULLY BACK IN OPERATION AND
APPROACHING NORMAL CAPACITY
    * MOST OF ALIMAK GROUP'S PRODUCTION AND ASSEMBLY UNITS HAVE
BEEN
ABLE TO CONTINUE OPERATING
    * DUE TO RESTRICTIONS PRODUCTION IS CURRENTLY ON HOLD OR
RESTRICTED IN BRAZIL AND SPAIN AND PARTIALLY LIMITED IN OTHER
COUNTRIES
    * SPREAD OF COVID-19  WILL RESTRICT SERVICE DELIVERY IN Q1
    * EXPECTS CHALLENGING MARKET CONDITIONS TO PREVAIL IN Q2, AT
LEAST
    * IT IS NOT POSSIBLE TO QUANTIFY FULL FINANCIAL EFFECTS THAT
PANDEMIC MAY HAVE ON ALIMAK GROUP

Source text for Eikon:  ID:nWkr2Nt3y2 
Further company coverage:  ALIG.ST 

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