Brief: Holland Colours Takes Actions To Mitigate COVID-19 Impact

Holland Colours NV

07/04/2020 17:32

April 7 (Reuters) - Holland Colours NV  HOLCO.AS :
    * HOLLAND COLOURS IS TAKING ACTIONS TO MITIGATE IMPACT OF
COVID-19
PANDEMIC
    * COMPANY WILL MAINTAIN ITS LONG-TERM OBJECTIVE, AIMED AT
SAFEGUARDING ITS INDEPENDENCE AND CONTINUITY
    * EXPECTS A DECLINE IN BUILDING & CONSTRUCTION AND COATINGS
SEGMENTS
    * ON FY FINANCIAL TARGETS: FOR TIME BEING EFFECTS ARE NOT
YET AT
LEVEL THAT WE WILL BE FORCED TO TAKE MORE DRASTIC MEASURES
    * IN ANTICIPATION OF EXPECTED DROP IN TURNOVER, IT WAS
DECIDED TO
IMPLEMENT A VERY RESTRICTIVE EXPENDITURE AND INVESTMENT POLICY
WORLDWIDE WITH IMMEDIATE EFFECT
    * COMPANY IS FINANCIALLY HEALTHY, HAS STRONG BALANCE SHEET,
NO
LOANS AND EXTENSIVE CREDIT FACILITIES

Source text: https://bit.ly/2UNFEh0
Further company coverage:  HOLCO.AS 

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