Brief: All For One Group Scraps 2019/20 Outlook Due To Coronavirus

All for One SE

23/03/2020 14:09

March 23 (Reuters) - ALL FOR ONE GROUP AG  A1OS.DE :
    * GUIDANCE FOR FINANCIAL YEAR 2019/20 REPEALED DUE TO
CORONAVIRUS
    * CURRENTLY NO MEANS OF ADEQUATELY ASSESSING NEGATIVE
IMPACTS ON
SALES AND EARNINGS
    * LICENSING AND PROJECT BUSINESS EXPECTED TO WEAKEN
SIGNIFICANTLY
    * SYSTEM OPERATION AND SUPPORT FOR CUSTOMERS ASSURED
    * IS PREPARING FOR DEMAND TO DECLINE
    * RECURRING REVENUE FROM CLOUD AND SOFTWARE SUPPORT SHOULD
CONTINUE TO GENERATE STABLE EARNINGS AND CASH FLOWS WHILE
STABILISING BUSINESS
    * IT CANNOT AT PRESENT ISSUE A CONCRETE AND VALID NEW
OUTLOOK FOR
FINANCIAL YEAR 2019/20
    * BELIEVES IT IS EQUIPPED TO GROW PROFITABLY ONCE SITUATION
RETURNS TO NORMAL

Source text for Eikon:  ID:nEQ3Vmp0fa 
Further company coverage:  A1OS.DE 

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