Brief: Matas Says Co Suspended Financial Guidance For 2019/20

Matas A/S

19/03/2020 24:51

March 18 (Reuters) - Matas A/S  MATAS.CO :
    * REG-MATAS SUSPENDS FINANCIAL GUIDANCE FOR 2019/20
    * IN BEST-CASE SCENARIO, GROUP EXPECTS UNDERLYING REVENUE
GROWTH
FOR FINANCIAL YEAR 2019/20 OF ABOUT 0.5%
    * MATAS' RETAIL NETWORK WILL GENERALLY CONTINUE TO OPERATE,
ALBEIT
SUBJECT TO ADJUSTMENTS DURING REMAINING PART OF MARCH
    * IN BEST-CASE SCENARIO, GROUP EXPECTS AN EBITDA MARGIN
BEFORE
EXCEPTIONAL ITEMS AND BEFORE IFRS 16 OF ABOVE 13.5%.
    * MATAS- UNCERTAINTY OF POTENTIAL REVENUE IMPACT OF COVID-19
DURING LAST WEEKS OF FINANCIAL YEAR "SO GREAT" THAT FY 2019/20
GUIDANCE MUST BE SUSPENDED
    * IN WORST-CASE SCENARIO, GROUP EXPECTS UNDERLYING REVENUE
GROWTH
FOR FINANCIAL YEAR 2019/20 OF ABOUT MINUS 1%
    * MATAS - CAPEX IS STILL EXPECTED AT A LEVEL BETWEEN DKK 150
MILLION AND DKK 170 MILLION
    * IN WORST-CASE SCENARIO, GROUP EXPECTS AN EBITDA MARGIN
BEFORE
EXCEPTIONAL ITEMS AND BEFORE IFRS 16 OF ABOVE 13%
    * MATAS' LIQUIDITY POSITION IS CURRENTLY STABLE
    * COMPANY IS AT A REASONABLY SAFE DISTANCE FROM COVENANTS
PERTAINING TO ITS LOAN AGREEMENTS

Source text for Eikon:  ID:nGNEbVWVmf 
Further company coverage:  MATAS.CO 

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