Brief: Alumetal Says Clients' Production Halt May Impact Group's Financial Results

Alumetal SA

19/03/2020 16:12

March 19 (Reuters) - Alumetal SA  AMT.WA :
    * SAID ON WEDNESDAY IT HAS BEEN NOTIFIED BY SEVERAL CLIENTS
INCLUDING VOLKSWAGEN GROUP ABOUT TEMPORARY SUSPENSION OF
ACTIVITIES AT THE CLIENTS' PRODUCTION FACILITIES IN THE CURRENT
AND NEXT TWO WEEKS
    * THE SUSPENSIONS MAY HAVE A NEGATIVE IMPACT ON GROUP'S
SALES
REVENUE AND FINANCIAL RESULTS IN THE COMING MONTHS
    * THE COMPANY CANNOT CURRENTLY ESTIMATE THE LEVEL OF
NEGATIVE
IMPACT REGARDING THE AUTOMOTIVE INDUSTRY IN EUROPE
    * SEES FIRST SIGNS OF NEGATIVE IMPACT OF CORONAVIRUS ON
GROUP'S
PRODUCTION OUTLOOK BUT AT PRESENT ALL OF THE COMPANY'S
PRODUCTION CONTRACTS ARE ON SCHEDULE 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM7XzhNBa
    
 Further company coverage:  AMT.WA  
   


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