Brief: New Wave Group Updates On Coronavirus Effect On Its Business
18/03/2020 13:35
March 18 (Reuters) - New Wave Group AB NEWAb.ST :
* EFFECTS ON NEW WAVE GROUP AS A RESULT OF THE SPREAD OF THE
CORONAVIRUS
* IN CORPORATE SEGMENT, SALES ARE EXPECTED TO DECREASE
* SALES ARE EXPECTED TO DECREASE ALSO IN SPORTS & LEISURE
SEGMENT,
HOWEVER NOT TO SAME EXTENT AS IN CORPORATE SEGMENT
* DEMAND FOR GROUP'S PRODUCTS AND SERVICES IS EXPECTED TO BE
SIGNIFICANTLY REDUCED FOR ALL OPERATING SEGMENTS DURING
REMAINDER OF FIRST CALENDAR QUARTER OF 2020
* DEMAND THEREAFTER IS EXPECTED TO BE AFFECTED IN PARTICULAR
DURING SECOND CALENDAR QUARTER, BUT IT IS CURRENTLY NOT POSSIBLE
TO GIVE ANY FORECASTS FOR PERIODS BEYOND THAT
* IN GIFTS & HOME FURNISHINGS SEGMENT IS EXPECTED TO SEE
SIGNIFICANTLY REDUCED SALES AND AN IMPAIRED RESULT FOR REMAINDER
OF YEAR
Source text for Eikon: ID:nWkr7l1b0V
Further company coverage: NEWAb.ST
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