Brief: C-RAD Prepares For Period Of Lower Demand Due To COVID-19

C Rad AB

15/04/2020 14:03

April 15 (Reuters) - C-Rad AB  CRADb.ST :
    * C-RAD COMMENT ON COVID-19
    * IN SHORT-TERM PERSPECTIVE FINANCIAL IMPLICATIONS, IN TERMS
OF
LOWER ORDER INTAKE AND STALLED DELIVERIES, CAUSED BY COVID-19
ARE DIFFICULT TO PREDICT
    * MEASURES HAVE BEEN TAKEN TO PREPARE FOR A PERIOD OF LOWER
DEMAND
    * OUR LONGER-TERM PERSPECTIVE BEYOND COVID-19 IS UNCHANGED
    * A MEASURE TAKEN TO MITIGATE AN EXPECTED BUT NOT YET KNOWN
NOR
QUANTIFIED NEGATIVE FINANCIAL IMPACT DUE TO COVID-19
    * WE EXPECT RAPID ADAPTION OF OUR TECHNOLOGY TO CONTINUE
    * SHORT TIME ALLOWANCE PROGRAM HAS BENEFIT OF GIVING A
TEMPORARY
COST REDUCTION WITH ABILITY TO SCALE UP OPERATIONS IN LINE WITH
HOW MARKET CONDITIONS DEVELOP
    * TO SAFEGUARD ITS COST-BASE C-RAD WILL ASSESS PROGRAMS
PROVIDED
BY GOVERNMENTS IN COUNTRIES C-RAD IS OPERATING IN, SUCH AS
SWEDISH SHORT TIME ALLOWANCE PROGRAM

Source text for Eikon:  ID:nWkrfjhqc 
Further company coverage:  CRADb.ST 

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