Brief: Work Service Expects Coronavirus Epidemic To Have Negative Impact On Group's Situation

Gi Poland SA

07/04/2020 09:42

April 7 (Reuters) - Work Service SA  WSEP.WA :
    * SAYS THAT COMPANY EXPECTS CORONAVIRUS EPIDEMIC TO HAVE
NEGATIVE
IMPACT ON GROUP'S SITUATION 
    * COMPANY SEES RISK IN POTENTIAL DELAYS IN PAYMENTS FROM
SOME
CLIENTS WHICH MAY RESULT IN GROWTH OF RECEIVABLES AND TEMPORARY
REDUCTION OF REVENUES FROM THE SALE OF INVOICES TO FACTORS
    * COMPANY ALSO SEES RISK IN TEMPORARY REDUCTION OF SALES
REVENUE
DUE TO POTENTIAL DROP IN ORDERS
    * THE GROUP HAS RECORDED A LIMITED DROP IN ORDERS IN THE
SECOND
HALF OF MARCH; EXPECTS FURTHER DROP IN APRIL AND COMING WEEKS
    * THE ACTIVITIES TO BE MOSTLY AFFECTED BY ECONOMIC SLOWDOWN
ARE IN
PARTICULAR CROSS-BORDER, AUTOMOTIVE SECTOR AND OTHER PRODUCTION
AND INDUSTRIAL ACTIVITIES 

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM4DJPV3a
    
 Further company coverage:  WSEP.WA  
   


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