Brief: Aures Technologies Withdraws 2020 Outlook Due To COVID-19

Aures Technologies SA

03/04/2020 18:27

April 3 (Reuters) - AURES TECHNOLOGIES SA  AURS.PA :
    * IN GERMANY, SITE REMAINS IN OPERATION, ALTHOUGH DECLINE IN
ACTIVITY IS EXPECTED IN SECOND QUARTER OF 2020
    * IN AUSTRALIA, THE ENTITY ALSO REMAINS IN OPERATION AND IS
EXPECTED TO DECLINE IN Q2 2020
    * ON CORONAVIRUS:  IN GREAT BRITAIN, ENTITY IS CLOSED, WITH
PHONE
AND ONLINE CUSTOMER SUPPORT
    * IN USA (ENTITY IN CALIFORNIA), ACTIVITY CONTINUES AND IS
EXPECTED TO DECLINE IN Q2 2020
    * 2020 AMBITIONS FOR REVENUE GROWTH ARE OBSOLETE
    * THE RESULTS PRESENTATION MEETING SCHEDULED FOR APRIL 29,
2020 IS
ALSO POSTPONED
    * IS UNABLE TO PROVIDE NEW 2020 OUTLOOK
    * GENERAL MEETING OF SHAREHOLDERS SCHEDULED FOR JUNE 23,
2020, IS
POSTPONED
    * GROUP IS STUDYING VARIOUS PROPOSED SYSTEMS FOR SECURING
CASH
FLOW
    * GROUP IS CURRENTLY STUDYING ADDITIONAL COST-CUTTING
MEASURES

Source text for Eikon:  ID:nACT62829 
Further company coverage:  AURS.PA 

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