Brief: Johnson Electric Expects Sales In Second Half To Be 2% To 3% Lower Than First Half

Johnson Electric Holdings

04/03/2020 09:58

March 4 (Reuters) - Johnson Electric Holdings Ltd  0179.HK :
    * ANTICIPATE THAT SALES IN Q4 WILL BE ABOUT US$60 MILLION TO
US$80
MILLION LOWER THAN ANTICIPATED IN EARLY JAN
    * SALES IN SECOND HALF OF FINANCIAL YEAR EXPECTED TO BE
BETWEEN 2%
TO 3% LOWER THAN FIRST HALF
    * FULL YEAR REPORTED SALES ARE EXPECTED TO BE ABOUT US$3.1
BILLION
    * FULL RETURN TO NORMAL LEVELS OF OPERATIONS IN CHINA IS NOT
EXPECTED FOR SEVERAL MORE WEEKS
    * IN OTHER PARTS OF WORLD, CO'S MANUFACTURING OPERATIONS
HAVE SO
FAR BEEN UNAFFECTED AND CONTINUE TO OPERATE NORMALLY

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSbTfkjZ
Further company coverage:  0179.HK 

 ((Reuters.Briefs@thomsonreuters.com;))