Brief: Duni Withdraws Dividend Proposal, Starts Cost Reduction

Duni AB

20/03/2020 11:12

March 20 (Reuters) - Duni AB  DUNI.ST :
    * DUNI GROUP IS TAKING ACTION TO DEAL WITH THE EFFECTS OF THE COVID-19 PANDEMIC AND TO
PROPOSE THE
AGM TO WITHDRAW THE PAYMENT OF THE DIVIDEND
    * COST-REDUCTION PROGRAM IS NOW ALSO BEING LAUNCHED IN ORDER TO MEET A CONSIDERABLE DROP IN
DEMAND
AS A CONSEQUENCE OF PANDEMIC
    * ON CORONAVIRUS: IMPACT ON FOLLOWING QUARTERS IS DEPENDING ON HOW PANDEMIC DEVELOPS
    * TO PROPOSE TO AGM THAT SHARE DIVIDEND OF SEK 5 PER SHARE FOR 2019, WHICH HAS ALREADY BEEN
ANNOUNCED, SHOULD BE CANCELED AND THEREFORE NO DIVIDEND SHALL BE PAID
    * ON CORONAVIRUS: DROP IN DEMAND FROM THESE CUSTOMER SEGMENTS IS EXPECTED TO RESULT IN
NEGATIVE
EFFECTS ON SALES DURING Q2

Source text for Eikon:  ID:nWkr2sx3hp 
Further company coverage:  DUNI.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))