Brief: Honkarakenne Issues Profit Warning, Does Not Issue New Guidance For 2020

Honkarakenne Oyj

21/04/2020 07:05

April 21 (Reuters) - Honkarakenne Oyj  HONBS.HE :
    * REG-HONKARAKENNE ISSUES A PROFIT WARNING AND DOES NOT
ISSUE A
NEW GUIDANCE FOR YEAR 2020
    * ISSUES A PROFIT WARNING AND DOES NOT ISSUE A NEW GUIDANCE
FOR
YEAR 2020
    * COMPANY'S WORSE-THAN-EXPECTED EARNINGS TREND IS AFFECTED
BY
GLOBAL CORONAVIRUS PANDEMIC, WHICH IS CAUSING UNCERTAINTY IN ALL
OF COMPANY'S MARKET AREAS
    * DOES NOT ISSUE A NEW GUIDANCE FOR 2020
    * CURRENTLY, IMPACT OF PANDEMIC IS PARTICULARLY EVIDENT IN
EXPORT
TRADE
    * IT IS DIFFICULT TO ESTIMATE DURATION OF UNCERTAINTY AND
ALL
EFFECTS ON BUSINESS CAUSED BY CORONAVIRUS PANDEMIC
    * DELAYS AND POSTPONEMENTS HAVE A NEGATIVE IMPACT,
ESPECIALLY ON
HONKARAKENNE'S FIRST HALF-YEAR RESULT
    * IN ADDITION, INDUSTRIAL ACTION LAUNCHED BY INDUSTRIAL
UNION IN
JANUARY-FEBRUARY STOPPED WORK AT COMPANY'S FACTORY AND CAUSED
DELAYS AND POSTPONEMENTS IN DELIVERIES
    * DELAYS AND POSTPONEMENTS ARE ALSO EXPECTED TO HAVE A
NEGATIVE
IMPACT ON FULL-YEAR RESULT

Source text for Eikon:  ID:nGNE2FBy8Z 
Further company coverage:  HONBS.HE 

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