Brief: Eastnine Updates On Corona Crisis Impact

Eastnine AB (publ)

03/04/2020 13:50

April 3 (Reuters) - Eastnine AB (publ)  EAST9.ST :
    * THE CORONA CRISIS FORCES EASTNINE'S ASSOCIATED COMPANY
MFG'S
STORES TO STAY CLOSED
    * CORONA CRISIS HAS A NEGATIVE IMPACT ON EASTNINE'S
ASSOCIATED
COMPANY, RUSSIAN FASHION CHAIN, MELON FASHION GROUP (MFG)
    * CORONA CRISIS HAS ALSO WEAKENED RUBLE'S EXCHANGE RATE
AGAINST
EURO DURING Q1 OF 2020
    * MFG STORES ARE CLOSED FROM APRIL 1, 2020 AND ARE EXPECTED
TO
REMAIN CLOSED FOR REST OF MONTH
    * E-COMMERCE, WHICH ACCOUNTED FOR ABOUT 20 PERCENT OF
COMPANY'S
SALES BEFORE CORONA PANDEMIC, IS STILL RUNNING

Source text for Eikon:  ID:nWkr6qmKFD 
Further company coverage:  EAST9.ST 

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