Brief: Cloetta Says Coronavirus Impact On Operations Limited
16/03/2020 07:06
March 16 (Reuters) - Cloetta AB CLOEb.ST :
* UPDATE ON THE IMPACT OF COVID-19
* SAYS WITH IMPACT OF COVID-19 ON SOCIETY BEING HIGHLY
UNCERTAIN,
CLOETTA IS MAKING A GENERAL UPDATE
* SAYS IMPACT ON CLOETTA'S BUSINESS AND OPERATIONS CONTINUES
TO BE
MONITORED DAILY AND TO DATE WE HAVE NOTED LIMITED EFFECT
* SAYS TO DATE, WE HAVE NOT SEEN ANY MAJOR INTERRUPTIONS IN
OUR
OWN SUPPLY CHAIN AND ALL OUR EIGHT FACTORIES ARE OPERATING AT
NEAR TO NORMAL CAPACITY
* SAYS CURRENTLY, WE HAVE NOT EXPERIENCED ANY MATERIAL
DISRUPTIONS
TO SUPPLY SIDE
* SAYS WE ARE CONTINUOUSLY ASSESSING OUR DIRECT AS WELL AS
INDIRECT SUPPLIERS AND HAVE CONTINGENCY PLANS IN PLACE TO REDUCE
RISK OF INTERRUPTION IN SUPPLY OF NECESSARY RAW MATERIALS OR
PRODUCTS FROM THIRD PARTIES
* SAYS FOR OUR BRANDED PACKAGED BUSINESS, WE HAVE SO FAR
NOTED
LIMITED IMPACT ON CUSTOMER ORDERS APART FROM NEGATIVE EFFECTS IN
ASIA, WHICH ACCOUNTS FOR A MINOR PART OF BUSINESS
* SAYS CLOETTA ASSESSES THAT CUSTOMER DEMAND FOR PICK & MIX
TEMPORARILY MIGHT BE NEGATIVELY AFFECTED
Source text for Eikon: ID:nWkrFVYQg
Further company coverage: CLOEb.ST
(Gdansk Newsroom)
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