Brief: Lacroix Group Says Can No Longer Confirm Annual Targets

Lacroix SA

25/03/2020 17:22

March 25 (Reuters) - Lacroix SA  LACP.PA :
    * ON THE COVID-19 SITUATION
    * LACROIX GROUP IS DOING EVERYTHING IT CAN TO SECURE ITS
FINANCING
AND LIMIT IMPACT ON CASH FLOW
    * HAS PUT IN PLACE A PLAN FOR EMPLOYEES, INVOLVING ANNUAL
LEAVE
AND TEMPORARY LAY-OFFS TO ADAPT ITSELF TO LEVEL OF ACTIVITIES
    * HAS DECIDED TO CLOSE ITS PRODUCTION FACILITY IN
SAINT-HERBLAIN
(LACROIX CITY) COMPLETELY, AND TO CLOSE MOST OF ITS SAINT-PIERRE
MONTLIMART FACILITY (LACROIX ELECTRONICS)
    * LACROIX GROUP CAN NO LONGER CONFIRM ITS ANNUAL TARGETS

Source text for Eikon:  ID:nGNE4M9K1Z 
Further company coverage:  LACP.PA 

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