Brief: Softline Holding Says Co Is Withdrawing Its FY21 Guidance

Noventiq Holdings

11/03/2022 16:43

March 11 (Reuters) - Softline Holding Plc  SFTLq.L :
    * SOFTLINE HOLDING PLC  - UPDATE ON BUSINESS AND OPERATIONS
    * SOFTLINE HOLDING PLC - SOFTLINE HAS UNDERTAKEN A FULL
REVIEW OF
POTENTIAL IMPACTS ON BUSINESS OPERATIONS FROM CHANGING
REGULATORY ENVIRONMENT
    * SOFTLINE HOLDING: EXPECT NO MATERIAL IMPACT ON OPERATIONS
IN
INTERNATIONAL BUSINESS OUTSIDE OF RUSSIA, WHICH REPRESENTS
NEARLY 50% OF OVERALL TURNOVER
    * SOFTLINE HOLDING PLC SAYS COMPANY CONTINUES TO EXPECT TO
BE ABLE
TO MANAGE BUSINESS EFFICIENTLY IN RUSSIA.
    * SOFTLINE HOLDING - NOT POSSIBLE TO PREDICT PROGRESS OR
POTENTIAL
OUTCOME OF SITUATION IN UKRAINE, AND DEVELOPMENTS IN REGION ARE
BEYOND OUR CONTROL
    * SOFTLINE HOLDING PLC SAYS SOFTLINE HAS A RELATIVELY LOW
ROUBLE
EXPOSURE.
    * SOFTLINE HOLDING PLC - SOFTLINE IS WITHDRAWING ITS FY21
GUIDANCE
    * SOFTLINE HOLDING - REGARDING SOFTLINE'S MEDIUM TERM
OUTLOOK, IT
IS TOO EARLY TO MAKE ANY REASONABLE FORECAST FOR TURNOVER AND
PROFITABILITY FOR FY22
    * SOFTLINE HOLDING PLC - CONTINUES TO EXPECT TO BE ABLE TO
MANAGE
BUSINESS EFFICIENTLY IN RUSSIA.

Source text for Eikon:  ID:nRSK5567Ea 
Further company coverage:  SFTLq.L 

 ((Reuters.Briefs@thomsonreuters.com;))