Brief: Ambea Withdraws Dividend Proposal And Provides COVID-19 Update

Ambea publ AB

02/04/2020 13:40

April 2 (Reuters) - Ambea AB (publ)  AMBEA.ST :
    * PROPOSAL OF DIVIDEND WITHDRAWN AND POTENTIAL EFFECTS OF
COVID-19
ON Q1 2020 AND FULL YEAR 2020
    * BOARD OF DIRECTORS IN AMBEA HAS DECIDED TO WITHDRAW
DIVIDEND
PROPOSAL TO ANNUAL GENERAL MEETING, WHICH WAS PREVIOUSLY
PUBLISHED IN YEAR-END 2019 REPORT
    * AMBEA EXPECTS NET SALES AND EBITA TO BE EFFECTED TO A
LESSER
EXTENT BY COVID-19 DURING Q1 2020
    * DURING Q2, AMBEA EXPECTS AN INCREASED UNCERTAINTY
REGARDING
FINANCIAL DEVELOPMENT IN REGARDS TO CONTINUED SPREAD OF COVID-19
    * AMBEA EXPECTS DEMAND FOR ITS SERVICES TO REMAIN ROBUST
GOING
FORWARD, BUT THAT COVID-19 WILL HAVE SHORT-TERM NEGATIVE IMPACT.

Source text for Eikon:  ID:nWkr94gnpw 
Further company coverage:  AMBEA.ST 

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