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HUBN - Huber+Suhner AG News Story

CHF74.8 -0.2  -0.3%

Last Trade - 12:12pm

Sector
Technology
Size
Mid Cap
Market Cap £1.23bn
Enterprise Value £1.07bn
Revenue £699.0m
Position in Universe 319th / 1031

BRIEF-Huber+Suhner Suspends 2020 Guidance

Fri 24th April, 2020 5:51am
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 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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