Brief: Apranga Says That Coronavirus Will Have A Significant Negative Effect On Group Results In Q1 And Q2 Of 2020
16/03/2020 12:57
March 16 (Reuters) - Apranga APB APG1L.VL :
* MANAGEMENT THINKS THAT CORONAVIRUS WILL HAVE A SIGNIFICANT
NEGATIVE EFFECT ON GROUP RESULTS IN Q1 AND Q2 OF 2020
* SINCE MARCH 16 ALL APRANGA GROUP STORES IN LITHUANIA ARE
CLOSED.
CLOSURES IN LATVIA AND ESTONIA ARE IN CONSIDERATION AND IT IS
HIGHLY LIKELY THAT ALL OF THE STORES WILL BE CLOSED IN A COUPLE
OF DAYS
* GROUP TAKES ACTION AND SEEKS TO MINIMIZE ALL OPERATING
COSTS
Source text for Eikon: ID:nGNE235zjH
Further company coverage: APG1L.VL
(Gdansk Newsroom)
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