Brief: Paragon Details Potential Impact Of Covid-19 On Activity

Paragon Id SA

13/03/2020 17:53

March 13 (Reuters) - PARAGON ID SA  PID.PA :
    * ON CORONAVIRUS: TO DATE, PARAGON ID HAS NOT EXPERIENCED
ANY
MAJOR IMPACT OF EPIDEMIC ON ITS ACTIVITY
    * ON CORONAVIRUS: DETERIORATION COULD RESULT IN THE
POSTPONEMENT
OF BUYING DECISIONS AND IN THE REDUCTION IN UTILISATION OF
CERTAIN PARAGON ID PRODUCTS
    * ON CORONAVIRUS: COMPANY'S POLICY OF MANUFACTURING CLOSE TO
ITS
CUSTOMERS APPEARS TO BE LIMITING DISRUPTIONS TO SUPPLY CHAIN
    * ON CORONAVIRUS: AT SAME TIME, PREVENTIVE MEASURES HAVE
BEEN
IMPLEMENTED TO REDUCE RISK OF CONTAMINATION AMONG COMPANY'S
EMPLOYEES
    * ON CORONAVIRUS: PLANS HAVE BEEN DRAWN UP AT VARIOUS SITES
TO
MITIGATE RISKS OF POTENTIALLY HAVING TO CLOSE A FACTORY OR A
SECTION THEREOF
    * ON CORONAVIRUS: PARAGON ID IS CLOSELY MONITORING SITUATION
AND
WILL KEEP MARKET INFORMED OF ANY SIGNIFICANT DEVELOPMENTS IN ITS
BUSINESS

Source text for Eikon:  ID:nACT62516 
Further company coverage:  PID.PA 

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