Brief: Asiakastieto Cancels 2020 Guidance

Enento Oyj

27/03/2020 11:05

March 27 (Reuters) - Asiakastieto Group Plc  ATG1V.HE :
    * REG-ASIAKASTIETO GROUP CANCELS ITS GUIDANCE FOR 2020 DUE
TO
POTENTIAL COVID-19 IMPACTS AND ECONOMIC UNCERTAINTY
    * CANCELS ITS GUIDANCE FOR 2020 DUE TO POTENTIAL COVID-19
IMPACTS
AND ECONOMIC UNCERTAINTY
    * IT IS IMPOSSIBLE TO RELIABLY PREDICT POTENTIAL IMPACT ON
ASIAKASTIETO GROUP'S REVENUE AND ADJUSTED EBITDA
    * DUE TO UNCERTAIN OUTLOOK, WE WILL ADJUST OUR PLANNED FIXED
COST
BASE BY 5 MILLION EUROS DURING REST OF YEAR TO SECURE SHORT-TERM
PROFITABILITY AND CASH FLOW
    * GENERAL ECONOMIC SITUATION AND DECREASED CUSTOMER ACTIVITY
ARE
EXPECTED TO DECREASE DEMAND AND HAVE AN EFFECT ALSO ON DEMAND OF
ASIAKASTIETO'S SERVICES

Source text for Eikon:  ID:nGNE8SXr27 
Further company coverage:  ATG1V.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 587785110;))