Brief: Deutsche EuroShop AG scraps 2020 outlook due to coronavirus crisis

Deutsche Euroshop AG

02/04/2020 19:48

April 2 (Reuters) - Deutsche EuroShop AG  DEQGn.DE :
    * DGAP-ADHOC: SUSPENSION OF FORECAST FOR 2020 - CURRENT
INFORMATION ON DEUTSCHE EUROSHOP'S BUSINESS PERFORMANCE IN VIEW
OF THE ONGOING SPREAD OF THE CORONAVIRUS AND THE ENTRY INTO
FORCE OF LAWS TO MITIGATE THE EFFECTS OF THE PANDEMIC
    * SAYS SINCE MID-MARCH MAJORITY OF SHOPS IN SHOPPING CENTERS
OF
DEUTSCHE EUROSHOP AG (DES) HAVE BEEN OFFICIALLY ORDERED TO CLOSE
TO PROTECT POPULATION AND CONTAIN CORONAVIRUS PANDEMIC
    * SAYS FURTHER SPREAD OF PANDEMIC AND EXTENSION OF OFFICIAL
REQUIREMENTS HAVE FURTHER AGGRAVATED ECONOMIC SITUATION IN
GENERAL AND FOR BRICKS AND MORTAR RETAILING IN PARTICULAR
    * SAYS A EUR 70 MILLION AGREEMENT WAS SIGNED AS PLANNED ON
26
MARCH 2020 TO REFINANCE LOANS MATURING IN 2020

Source text for Eikon:  urn:newsml:reuters.com:*:nEQ7FF9sba
Further company coverage:  DEQGn.DE 

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