Brief: Better Collective Provides Business Update Due To COVID-19
17/03/2020 14:28
March 17 (Reuters) - Better Collective A/S BETCO.ST :
* REG-BETTER COLLECTIVE PROVIDES EXTRAORDINARY BUSINESS
UPDATE DUE
TO COVID-19 SITUATION
* ON CORONAVIRUS: UNTIL MID MARCH, BETTER COLLECTIVE'S
BUSINESS
HAS SHOWN STRONG PERFORMANCE AND HAS NOT BEEN NOTABLY AFFECTED
BY POSTPONEMENTS OF SPORTS EVENTS CAUSED BY COVID-19 OUTBREAK
* FINANCIAL TARGETS FOR 2020 REMAIN UNCHANGED UNTIL FURTHER,
GIVEN
CERTAIN ASSUMPTIONS
* FOLLOWING POSTPONEMENT OF SEVERAL MAJOR SPORTS EVENTS, CO
EXPECTS THAT SOME OF REVENUE, WHICH WOULD NORMALLY MATERIALIZE
IN FIRST HALF OF 2020, WILL EITHER BE LOST OR POSTPONED UNTIL
LATER IN 2020 OR TO 2021, DEPENDING ON NEW SCHEDULING OF EVENTS
* BETTER COLLECTIVE ESTIMATES THAT POSTPONEMENT OF EURO 2020
WILL
IMPLY AN ISOLATED REVENUE POSTPONEMENT OF 2-4 MEUR FROM 2020 TO
2021
Source text for Eikon: ID:nGNE7m0kCf
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