Brief: Oesterreichische Post Expects Revenue Losses Due To Coronavirus Outbreak

Oesterreichische Post AG

23/03/2020 09:34

March 23 (Reuters) - OESTERREICHISCHE POST AG  POST.VI :
    * FROM TODAY'S PERSPECTIVE, EFFECT OF VIRUS ON EARNINGS FOR
YEAR
2020 CANNOT BE ESTIMATED
    * AS AN INTEGRAL PART OF COUNTRY'S CRITICAL INFRASTRUCTURE,
AUSTRIAN POST MAINTAINS ITS BUSINESS OPERATIONS FOR SAKE OF
AUSTRIA'S WELL-BEING AND SECURITY
    * REVENUE LOSSES ARE ANTICIPATED, DEPENDING ON DURATION AND
CONSEQUENCES OF CURRENT RESTRICTIONS
    * MAINTAINS ITS BUSINESS OPERATIONS
    * COST REDUCTION MEASURES HAVE BEEN INITIATED ALONGSIDE
POSTPONEMENT OF NOT TIME-CRITICAL PROJECTS
    * THESE MEASURES RELATE TO STAFF COSTS, INCLUDING PARTIAL
SHORT-
TIME WORK AND REDUCTION OF UNUSED VACATION TIME, AS WELL AS
MATERIAL COSTS

Source text for Eikon:  ID:nAPA94y9Gc 
Further company coverage:  POST.VI 

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