Brief: Aspocomp Lowers Net Sales And Operating Result Forecast For 2020

Aspocomp Oyj

16/07/2020 11:41

July 16 (Reuters) - Aspocomp Group Oyj  ACG1V.HE :
    * REG-ASPOCOMP LOWERS ITS NET SALES AND OPERATING RESULT
FORECAST
FOR 2020 DUE TO THE EFFECTS OF THE CORONAVIRUS PANDEMIC
    * ASPOCOMP'S WEAKER-THAN-EXPECTED FINANCIAL PERFORMANCE HAS
BEEN
AFFECTED IN PARTICULAR BY DISRUPTIONS IN AUTOMOTIVE SUPPLY
CHAINS CAUSED BY GLOBAL CORONAVIRUS PANDEMIC AND GENERAL
WEAKENING OF DEMAND AT BEGINNING OF SUMMER SEASON.
    * NET SALES AND OPERATING RESULT FOR 2020 ARE EXPECTED TO
FALL
SIGNIFICANTLY SHORT OF 2019 LEVEL.
    * IN ITS PREVIOUS OUTLOOK FOR 2020 ( FINANCIAL STATEMENTS
RELEASE
ON MARCH 10, 2020) ASPOCOMP ESTIMATED THAT ITS NET SALES AND
OPERATING RESULT FOR 2020 WOULD BE AT SAME LEVEL AS IN 2019

Source text for Eikon:  ID:nGNEb0zG0w 
Further company coverage:  ACG1V.HE 

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