Brief: Bergman & Beving: Update In Relation To COVID-19 Pandemic
08/04/2020 08:04
April 8 (Reuters) - Bergman & Beving AB BERGb.ST :
* REG-BERGMAN & BEVING AB: UPDATE IN RELATION TO THE
COVID-19
PANDEMIC
* IN RECENT WEEKS, COVID-19 PANDEMIC HAS AFFECTED BERGMAN &
BEVING'S OPERATIONS IN VARIOUS WAYS, PRIMARILY WITH VARYING
DEMAND FOR COMPANIES
* DEMAND FROM CONSTRUCTION-RELATED CUSTOMERS HAS BEEN
RELATIVELY
STABLE, WHILE DEMAND FROM INDUSTRY-RELATED CUSTOMERS HAS
WEAKENED CONSIDERABLY
* AT SAME TIME, DEMAND FOR PERSONAL PROTECTIVE EQUIPMENT HAS
BEEN
VERY STRONG
* ASSESSMENT IS THAT BOTH EARNINGS AND CASH FLOW FROM
OPERATING
ACTIVITIES WILL BE IN LINE WITH LAST YEAR
* A NUMBER OF GROUP'S COMPANIES HAVE IMPLEMENTED SHORT TERM
REDUCED WORKING HOURS AND ALREADY ONGOING MEASURES TO REDUCE
COST ARE EXPANDED
Source text for Eikon: ID:nGNE9SzF0c
Further company coverage: BERGb.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))