Brief: MCH Group Says For 2021 Is Expecting Hesitant Recovery

MCH AG

29/07/2020 06:12

July 29 (Reuters) - MCH Group AG  MCHN.S :
    * FOR 2021, GROUP IS EXPECTING A HESITANT RECOVERY AND A CHF
70 -
100 MILLION INCREASE IN SALES COMPARED WITH 2020 BUSINESS YEAR
    * FOR 2020 BUSINESS YEAR, MCH GROUP IS CURRENTLY RECKONING
WITH AN
EXPECTED DECLINE IN SALES OF CHF 230 - 270 MILLION (ESTIMATE TO
DATE CHF 130 - 170 MILLION) COMPARED WITH PREVIOUS YEAR
    * SEES 2020 ANNUAL LOSS IN UPPER DOUBLE-DIGIT MILLION RANGE
    * A PACKAGE OF MEASURES SUCH AS ONE TO BE SUBMITTED TO
EXTRAORDINARY GENERAL MEETING ON 3 AUGUST 2020 IS URGENTLY
REQUIRED IN ORDER TO MANAGE CONSEQUENCES OF CORONA CRISIS
    * CORONA CRISIS, WITH INFECTIONS ON INCREASE WORLDWIDE,
WHICH WILL
CONTINUE TO HAVE A MAJOR NEGATIVE IMPACT ON BUSINESS ACTIVITY IN
SECOND HALF OF 2020 AND DURING 2021 BUSINESS YEAR

Source text for Eikon:  ID:nNDL3FGxYR 
Further company coverage:  MCHN.S 

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