Brief: Duroc Notes Significant Disruptions In Some Of Business Linked To Covid-19

Duroc AB

19/03/2020 15:59

March 19 (Reuters) - Duroc AB  DURCb.ST :
    * IN A STRONG POSITION BUT NOW NOTES SIGNIFICANT DISRUPTIONS
IN
SOME OF THE BUSINESS LINKED TO COVID-19
    * ON CORONAVIRUS: EXTENSIVE SPREAD OF CORONA VIRUS
(COVID-19) NOW
AFFECTS PRODUCTION AND SALES IN ALL DUROC GROUP'S BUSINESS AREAS
    * ON CORONAVIRUS: THIS WILL HAVE SIGNIFICANT EFFECTS ON OUR
RESULTS FROM MID-MARCH AND PROBABLY ALSO DURING LAST QUARTER OF
FINANCIAL YEAR
    * FOR FIRST TWO MONTHS OF THIS QUARTER, EBIT RESULT (FIGURES
ARE
PRELIMINARY AND NOT AUDITED) AMOUNTED TO ABOUT SEK 30 MILLION,
COMPARED WITH A PROFIT FOR WHOLE OF Q3 2018/19 OF ABOUT SEK 30.5
MILLION
    * SO FAR TEMPORARILY SHUT DOWN HAS BEEN DONE IN COTTING
GROUP'S
PLANT IN NUCOURT IN FRANCE, AND PLANNING FOR REDUCTION OF
PRODUCTION IS ALSO ONGOING IN OTHER EUROPEAN UNITS WITHIN DUROC
GROUP

Source text for Eikon:  ID:nWkr89DHw6 
Further company coverage:  DURCb.ST 

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