Brief: BTS Updates On Financial And Operational Effects Related To Covid-19

BTS AB

23/04/2020 12:11

April 23 (Reuters) - BTS Group AB  BTSb.ST :
    * REG-BTS UPDATES ON FINANCIAL AND OPERATIONAL EFFECTS RELATED TO COVID-19
    * BTS GROUP AB - PROVIDES A TRADING UPDATE IN RESPONSE TO CORONA CRISIS AND WITHDRAWS
PREVIOUSLY
STATED OUTLOOK REGARDING FULL YEAR 2020 THAT "PROFIT BEFORE TAX IS EXPECTED TO BE BETTER THAN IN
PRECEDING YEAR". NO NEW OUTLOOK FOR FULL YEAR 2020 IS PROVIDED
    * BTS GROUP AB - NO NEW OUTLOOK FOR FULL YEAR 2020 IS PROVIDED.
    * BTS GROUP AB - DUE TO SOCIAL DISTANCING RESTRICTIONS THAT COVID-19 IS CAUSING, REVENUES
FROM
PHYSICAL DELIVERIES DURING YEAR ARE EXPECTED TO DECREASE COMPARED TO PREVIOUS YEAR
    * BTS GROUP AB - BTS PRELIMINARY ESTIMATES FOR Q1 IS A REVENUE OF JUST OVER 370 MILLION SEK
    * BTS GROUP AB - PRELIM Q1 PROFIT BEFORE TAX (EBITA) APPROXIMATELY 60 PERCENT LOWER COMPARED
TO
PREVIOUS YEAR.
    * BTS GROUP AB - MANY OF BTS'S PHYSICAL DELIVERIES AT END OF Q1 HAVE BEEN CANCELLED OR
POSTPONED
ON SHORT NOTICE
    * BTS GROUP AB -  DELIVERIES CANCELLED OR POSTPONED ON SHORT NOTICE LED TO LOWER REVENUES
THAN
EXPECTED WHILE COSTS COULD ONLY BE MARGINALLY REDUCED DURING QUARTER

Source text for Eikon:  ID:nGNErCPTz 
Further company coverage:  BTSb.ST 

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