Brief: Elektrotim Says Operational Activity Conducted Without Major Disruptions Amid Coronavirus Outbreak

Elektrotim SA

03/04/2020 07:45

April 3 (Reuters) - Elektrotim SA  ELT.WA :
    * SAID ON THURSDAY THAT FOLLOWING THE OUTBREAK OF
CORONAVIRUS
SARS-COV-2 AND COVID-19 INCIDENCE THE COMPANY'S AND GROUPS
OPERATIONAL ACTIVITY IS CONDUCTED WITHOUT SIGNIFICANT
DISRUPTIONS   
    * THE MAJOR RISKS RECORDED AT PRESENT INCLUDE SUSPENSION OF
IMPLEMENTATION OF CONSTRUCTION DEALS, LACK OF FUNDS ON THE PART
OF THE ORDERERS, THE ORDERERS NOT ACCEPTING COMPLETED PROJECTS
DUE TO CRISIS REGULATIONS AND INCREASE IN PRICES OF PRODUCTION
MATERIALS
    * THE MANAGEMENT EXPECTS THE EFFECTS OF SARS-COV-2 SPREAD
MAY HAVE
SIGNIFICANT IMPACT ON THE COMPANY'S FUTURE OPERATIONAL AND
FINANCIAL RESULTS, YET AT PRESENT THE SCALE OF THE IMPACT IS NOT
ESTIMABLE    

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMbzFjxza
    
 Further company coverage:  ELT.WA  
   


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