Brief: Elos Medtech Updates On Impact Of COVID-19

Elos Medtech AB

25/03/2020 11:43

March 25 (Reuters) - Elos Medtech AB  ELOSSb.ST :
    * UPDATE ON ELOS MEDTECH'S ASSESSMENT OF COVID-19
    * IMPACT ON COMPANY IS MAINLY DUE TO CHANGING CUSTOMER NEEDS
BASED
ON HEALTHCARE RE-PRIORITIES IN THIS EMERGENCY
    * ON CORONAVIRUS: AS DEVELOPMENT IS UNPREDICTABLE, IT IS NOT
POSSIBLE TO PREDICT LONG-TERM IMPACT PANDEMIC MAY HAVE ON
COMPANY
    * REGARDING OUR OPERATIONS IN CHINA, WE WERE ABLE TO
GRADUALLY
OPEN SITE AT END OF FEBRUARY
    * SIGNIFICANT RISK THAT OUTBREAK OF COVID-19 WILL HAVE A
FINANCIAL
IMPACT ON COMPANY DURING H1, AS COMPANY SEES DISRUPTIONS IN
DEMAND
    * "WE WILL THEREFORE IMPLEMENT SHORT-TERM LAYOFFS WITHIN OUR
NORDIC OPERATIONS SHORTLY

Source text for Eikon:  ID:nWkr7fdPFp 
Further company coverage:  ELOSSb.ST 

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