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ARCUS - Arcus ASA News Story

NOK44 -0.2  -0.3%

Last Trade - 16/04/21

Sector
Consumer Defensives
Size
Small Cap
Market Cap £259.4m
Enterprise Value £401.5m
Revenue £259.5m
Position in Universe 645th / 1831

BRIEF-Arcus: Operations Update After Covid-19 Outbreak

Tue 14th April, 2020 12:58pm
April 14 (Reuters) - Arcus ASA  ARCUS.OL :
    * : OPERATIONS UPDATE #2 AFTER THE COVID-19 OUTBREAK
    * SINCE COVID-19 OUTBREAK, ARCUS' BUSINESS SEGMENTS HAVE
MANAGED
TO KEEP OPERATIONS STABLE.
    * AT MOMENT 3,7 % OF OUR EMPLOYEES ARE TEMPORARILY LAID OFF.
    * SALES OF WINE TO VINMONOPOLET, ESPECIALLY BAG-IN-BOX, HAS
BEEN
HIGHER THAN NORMAL AS TAX-FREE SHOPPING AND SWEDISH BORDER TRADE
HAVE FALLEN CLOSE TO ZERO.
    * OVERDRAFT FACILITY HAS BEEN INCREASED BY 200 MNOK, BUT HAS
NOT
BEEN USED.
    * SUPPLY OF WINE AND OTHER RAW MATERIALS, HAS MORE OR LESS
BEEN
ACCORDING TO PLAN DUE TO CLOSE COOPERATION WITH OUR PARTNERS
    * AT OUR PRODUCTION AND BOTTLING FACILITY, THERE HAVE BEEN
NO
MAJOR DISRUPTIONS
    * LOGISTICS HAS HAD HIGH ACTIVITY DUE INCREASED DEMAND AT
VINMONOPOLET, AND OPERATION AND DELIVERIES HAVE BEEN VERY CLOSE
TO PLAN

Source text for Eikon:  ID:nWkr806YPK 
Further company coverage:  ARCUS.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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