Brief: Alumetal Expects Q2 Revenue To Drop By About 50% Y/Y Due To COVID-19 Pandemic

Alumetal SA

15/05/2020 08:18

May 15 (Reuters) - Alumetal SA  AMT.WA :
    * SAYS BASED ON PRELIMINARY ESTIMATES IT EXPECTS DROP IN
GROUP'S
REVENUE AT ABOUT 50% IN Q2 COMPARED TO Q2 2019
    * IT EXPECTS EVEN BIGGER DROP IN EBITDA AND NET PROFIT
COMPARED TO
Q2 2019
    * SAID DROP IS THE RESULT OF COVID-19 PANDEMIC AND
CONTINUING
DOWNTIME IN THE EUROPEAN AUTOMOTIVE INDUSTRY AS WELL AS DELAY IN
RESUMING PRODUCTION AND/OR PRODUCTION RESTART AT A RELATIVELY
LOW LEVEL AMONG GROUP'S CLIENTS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM98Zh4qa
    
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