Brief: KAP AG Planning Extensive Reorganisation Of The Engineered Products Segment

Kap AG

22/01/2020 20:59

Jan 22 (Reuters) - Kap AG  IURG.DE :
    * DGAP-ADHOC: KAP AG: KAP AG PLANNING EXTENSIVE
REORGANISATION OF
THE ENGINEERED PRODUCTS SEGMENT
    * OPERATING ACTIVITIES WITH A NEGATIVE CONTRIBUTION MARGIN
WILL BE
ABANDONED
    * IS PLANNING COMPLETE CLOSURE OF FULDA SITE
    * ANOTHER SITE IN CZECH REPUBLIC THAT MANUFACTURES TENTS AND
TECHNICAL FABRICS IS TO BE SOLD
    * EXPECT EXPENSES ASSOCIATED WITH AFOREMENTIONED
REORGANISATION
MEASURES ONLY TO AFFECT GROUP'S DEVELOPMENT IN 2020 FY
    * EXPECTS TO SEE POSITIVE EFFECTS FROM TAKING REORGANISATION
MEASURES AS EARLY AS IN 2021 FINANCIAL YEAR
    * KAP- EXPECT EXPENSES ASSOCIATED WITH REORGANISATION
MEASURES
ONLY TO AFFECT GROUP'S DEVELOPMENT IN 2020 FY AND TO BE IN
SINGLE-DIGIT MILLIONS

Source text for Eikon:  ID:nEQPPxXna 
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