Brief: Borregaard: Coronavirus Effects On Business Operations

BORREGAARD ASA

01/04/2020 08:34

April 1 (Reuters) - Borregaard ASA  BRGD.OL :
    * REG-BORREGAARD ASA: CORONAVIRUS EFFECTS ON BUSINESS
OPERATIONS
    * ON CORONAVIRUS: BORREGAARD'S BUSINESS OPERATIONS HAVE NOT
BEEN
MATERIALLY IMPACTED BY CORONAVIRUS SITUATION DURING Q1 OF 2020
    * LOGISTICAL AND OTHER PRACTICAL CHALLENGES HAVE BEEN
MANAGED
WITHOUT SIGNIFICANT ADVERSE EFFECTS ON DELIVERIES AND
PRODUCTION.
    * POSSIBILITY OF TEMPORARY SHUT-DOWNS OF PRODUCTION UNITS AS
A
RESULT OF CORONAVIRUS SITUATION CANNOT BE RULED OUT. SO FAR SUCH
INCIDENTS HAVE BEEN FEW AND OF LIMITED DURATION.
    * OUTLOOK STATEMENT WITH RESPECT TO 2020, GIVEN IN
CONNECTION WITH
PRESENTATION OF RESULTS FOR Q4 OF 2019, WILL BE REVIEWED AND
MOST PROBABLY REVISED IN CONNECTION WITH PRESENTATION OF Q1
RESULTS ON 29 APRIL.
    * BORREGAARD EXPECTS FIRST AND MOST SIGNIFICANT EFFECTS ON
DEMAND
TO BE SEEN IN CERTAIN SECTORS OF LIGNIN BUSINESS
    * FOR Q2 SOME ORDERS FROM LIGNIN CUSTOMERS, MAINLY IN
CONSTRUCTION, HAVE BEEN CANCELLED OR POSTPONED
    * OTHER BUSINESS AREAS HAVE SO FAR NOT EXPERIENCED ANY
MATERIAL
CHANGES IN ORDERS FROM CUSTOMERS.

Source text for Eikon:  ID:nGNEcdPXC 
Further company coverage:  BRGD.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))