Brief: Björn Borg Provides Update On Impact Of Coronavirus

Bjorn Borg AB

22/04/2020 14:04

April 22 (Reuters) - Bjorn Borg AB  BORG.ST :
    * UPDATE ON THE IMPACT OF THE CORONAVIRUS ON THE BJÖRN BORG
GROUP
    * ESTIMATES THAT OUTBREAK OF CORONAVIRUS WILL HAVE
SUBSTANTIAL
NEGATIVE FINANCIAL IMPACT ON BJÖRN BORG GROUP'S BUSINESS
    * ON CORONAVIRUS: CONTINUES TO SEE NEGATIVE FINANCIAL
EFFECTS OF
OUTBREAK
    * BJÖRN BORG MAINTAIN LONG-TERM FINANCIAL OBJECTIVES
PREVIOUSLY
COMMUNICATED, BUT ASSESS THAT THEY WILL NOT BE POSSIBLE TO MEET
FOR 2020
    * ESTIMATES THAT BOTH TURNOVER AND OPERATING PROFIT, PARTLY
DURING
Q1, BUT MAINLY DURING SECOND AND THIRD QUARTERS IN 2020, WILL BE
LESS THAN CORRESPONDING PERIODS DURING 2019
    * FURTHER CONTINUES TO TAKE MEASURES, IN ALL MARKETS, TO
REDUCE
OPERATIONAL COSTS
    * DESPITE STRAINED SITUATION, HAS A GOOD FINANCIAL POSITION
WITH
SATISFACTORY LIQUIDITY

Source text for Eikon:  ID:nWkr9Gtt2l 
Further company coverage:  BORG.ST 

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