Brief: Heavitree Sees Material Deterioration In Estate's Performance Over The Coming Months

Heavitree Brewery

18/03/2020 15:37

March 18 (Reuters) - Heavitree Brewery PLC  HVT.L :
    * HEAVITREE BREWERY  - COVID-19 ANNOUNCEMENT
    * HEAVITREE BREWERY - FOLLOWING ANNOUNCEMENT OF YEAR END
RESULT
FOR FINANCIAL YEAR, CONTINUED TO PERFORM IN LINE WITH ITS
EXPECTED BUDGETS
    * HEAVITREE BREWERY - TENANTED ESTATE EXPERIENCED DECLINE IN
SALES, ALTHOUGH AS FULLY TENANTED ESTATE AT THIS STAGE DO NOT
HAVE LFL FIGURES
    * HEAVITREE BREWERY - TO MINIMISE IMPACT OF COVID-19, TO
PRESERVE
CASH, TAKING APPROPRIATE ACTION TO REMOVE NON-CRITICAL COSTS
FROM BUSINESS
    * HEAVITREE BREWERY PLC - HAVING ENGAGED CLOSELY WITH
TENANTS,
ANTICIPATES MATERIAL DETERIORATION IN ESTATE'S PERFORMANCE OVER
COMING MONTHS
    * HEAVITREE BREWERY - GIVEN HIGH LEVEL OF CURRENT
UNCERTAINTY IT
IS NOT POSSIBLE TO QUANTIFY AT THIS STAGE PRECISE IMPACT ON
BUSINESS DUE TO VIRUS

Source text for Eikon:  ID:nRSR6707Ga 
Further company coverage:  HVT.L 

 ((Reuters.Briefs@thomsonreuters.com;))