Brief: I-Tech: Deliveries According To Previously Communicated Order Delayed Due To COVID-19

I-Tech AB

07/09/2020 14:04

Sept 7 (Reuters) - I-Tech AB  ITECH.ST :
    * DELIVERIES ACCORDING TO PREVIOUSLY COMMUNICATED ORDER
DELAYED
DUE TO COVID-19
    * DELAY WILL NEGATIVELY IMPACT I-TECH'S SALES FOR 2020 BY
APPROXIMATELY MSEK 12
    * ORDER, PREVIOUSLY COMMUNICATED TO BE COMPLETELY DELIVERED
DURING
2020, WILL NOW BE PARTLY DELIVERED DURING FIRST HALF OF 2021
INSTEAD
    * REASON FOR DELAY IS UNCERTAINTY CREATED BY CURRENT
PANDEMIC
WHICH HAS PROMPTED CHUGOKU MARINE PAINTS TO REVIEW ITS
INVENTORIES

Source text for Eikon:  ID:nWkr7v1Qzs 
Further company coverage:  ITECH.ST 

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