Brief: Huber+Suhner Suspends 2020 Guidance

Huber+suhner AG

24/04/2020 05:51

April 24 (Reuters) - HUBER+SUHNER AG  HUBN.S :
    * TO INTRODUCE FURTHER MEASURES IN CONNECTION WITH COVID-19
    * THE GUIDANCE FOR THE 2020 FINANCIAL YEAR HAS BEEN
SUSPENDED.
    * AS A RESULT OF THE MEASURES TAKEN BY GOVERNMENTS IN MOST
SALES
REGIONS, CUSTOMER CALL-OFFS HAVE FALLEN NOTICEABLY IN RECENT
WEEKS
    * IS CURRENTLY ASSUMING THAT IT WILL TAKE SEVERAL WEEKS
BEFORE
DEMAND RECOVERS FULLY
    * IS PLANNING TO INTRODUCE SHORT-TIME WORKING IN SWITZERLAND
AND
IN SOME OTHER COUNTRIES FROM MAY ONWARDS
    * MEMBERS OF BOARD OF DIRECTORS, EXECUTIVE GROUP MANAGEMENT
AND
SENIOR MANAGEMENT WORLDWIDE WILL TEMPORARILY WAIVE 10 % OF THEIR
FIXED COMPENSATION

Source text: https://bit.ly/2VQX37S
Further company coverage:  HUBN.S 

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