Brief: Atenor: Limited Impact Of COVID-19 Pandemic To Date

Atenor SA

14/05/2020 16:45

May 14 (Reuters) - ATENOR  ATEO.BR :
    * TO DATE LIMITED IMPACT OF HEALTH CRISIS AND LOCKDOWN ON PROJECT DEVELOPMENTS AND EARNINGS
    * COVID-19: NO DELAYS THAT CANNOT BE OVERCOME, FOR THE MOST PART, BY END OF CURRENT FY
    * DROP IN OFFICE SPACE RENTAL TAKE-UP FROM Q2 MIGHT DELAY SALES OF REAL ESTATE PROJECTS
    * SALES DELAY OF REAL ESTATE PROJECTS CAN LEAD TO CARRYOVER OF RESULTS FROM 2020 TO 2021 AND
2021
TO 2022
    * SEES COVID-19 IMPACT ON FINANCIAL RESULTS AT EUR 0.25 MILLION DURING 2020
    * COVID-19 CRISIS COULD CAUSE MARGINAL INCREASE IN CREDIT COSTS OF AROUND 0.5% ON 20% OF
ATENOR
OVERALL FINANCING POSITIONS
    * COVID-19 IMPACT IS LIMITED TO SHORT-TERM CREDITS AND RENEWALS OF LONG-TERM CREDITS
    * HAS LIQUIDITY NEEDED TO CONTINUE DEVELOPMENT OF PROJECTS IN ITS PORTFOLIO
    * ENVISAGES SEVERAL MAJOR TRANSACTIONS DEPENDING MAINLY ON MACRO-ECONOMIC PARAMETERS
    * GROWTH PROSPECTS FOR RESULTS IN YEARS TO COME ARE UNDOUBTED
    * CAN INDICATE RESULTS FOR CURRENT FY SHOULD PERMIT CONTINUATION OF DIVIDEND POLICY

Source text for Eikon:  ID:nNDL2nWFNp 
Further company coverage:  ATEO.BR 

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