Brief: FACC AG Plans Not To Distribute Dividend For 2019

FACC AG

25/03/2020 07:05

March 25 (Reuters) - FACC AG  FACC.VI :
    * TO CORONAVIRUS NOT POSSIBLE TO FORECAST RESULT FOR 2020 (CORRECTS TYPO)
    * ADOPTS KEY STRATEGIC MEASURES TO PREPARE FOR EXPECTED CONSEQUENCES OF COVID 19 CRISIS
    * IT IS CURRENTLY NOT POSSIBLE TO FORECAST RESULT FOR 2020 FINANCIAL YEAR
    * WILL PROPOSE TO ANNUAL GENERAL MEETING NOT TO DISTRIBUTE A DIVIDEND FOR SHORT FINANCIAL
YEAR
2019
    * FROM TODAY'S PERSPECTIVE, IMPACT ON GROUP'S EARNINGS FOR 2020 AND AT LEAST ALSO IN 2021 IS
CURRENTLY DIFFICULT TO ASSESS
    * INVESTMENT BUDGET FOR 2020 IS BEING REVIEWED TO MEET NEEDS OF MARKET
    * DECIDED ON PACKAGE OF MEASURES AT THEIR MEETING

Source text for Eikon:  ID:nAPA76DFfh 
Further company coverage:  FACC.VI 

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