Brief: Latecoere Q1 Revenue Down At 149.8 Million Euros

Latecoere SA

22/04/2020 06:10

April 22 (Reuters) - Latecoere SA  LAEP.PA :
    * Q1 2020 REVENUE OF €149.8 MILLION
    * WITHDRAWS 2020 OUTLOOK DUE TO UNCERTAIN TRADING IMPACT OF
COVID-19
    * SECURES €60 MILLION LOAN THROUGH FRANCE’S STATE-GUARANTEED
LOAN
SCHEME
    * THE COVID-19 PANDEMIC HAS HAD A PROFOUND IMPACT ON OUR
PARTNERS,
CUSTOMERS, AND THE COMMUNITIES
    * ON NEW CORONAVIRUS:  SLOWDOWN IN CUSTOMER PRODUCTION RATES
RESULTED IN ESTIMATED €1.0 MILLION DECREASE IN AEROSTRUCTURES
    * ON NEW CORONAVIRUS:  SLOWDOWN IN CUSTOMER PRODUCTION RATES
RESULTED IN ESTIMATED €3.0 MILLION DECREASE IN INTERCONNECTION
SYSTEMS IN Q1 2020
    * ON NEW CORONAVIRUS:  GROUP EXPECTS COVID-19 TO CONTINUE TO
PUT
SIGNIFICANT PRESSURE ON REVENUES IN Q2 2020

Source text for Eikon:  ID:nBw2D9GSqa 
Further company coverage:  LAEP.PA 

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