Brief: Pihlajalinna Temporarily Withdraws 2020 Outlook

Pihlajalinna Oyj

27/03/2020 09:27

March 27 (Reuters) - Pihlajalinna Oyj  PIHLIS.HE :
    * PIHLAJALINNA IS TEMPORARILY WITHDRAWING ITS OUTLOOK FOR
2020,
AND THE IMPACT OF THE CORONAVIRUS EPIDEMIC ON PIHLAJALINNA'S
BUSINESS OPERATIONS WILL BE REASSESSED IN THE COMING MONTHS
    * ESTIMATES THAT IT WILL ISSUE AN UPDATED OUTLOOK FOR 2020
LATER
THIS YEAR.
    * DURING FIRST MONTHS OF YEAR, PIHLAJALINNA'S TURNOVER AND
PROFITABILITY HAVE DEVELOPED IN EXPECTED MANNER
    * IT IS HARD TO ASSESS AND PREDICT FINANCIAL IMPACT CAUSED
BY
EMERGENCY LAWS ISSUED BY FINNISH GOVERNMENT AND DURATION OF
CORONAVIRUS EPIDEMIC ON PIHLAJALINNA'S BUSINESS OPERATIONS
    * ON CORONAVIRUS: CORONAVIRUS EPIDEMIC IS NOT EXPECTED TO
HAVE A
SIGNIFICANT EFFECT ON DEMAND FOR HOUSING SERVICES FOR ELDERLY OR
RECRUITMENT SERVICES
    * IT IS EXPECTED THAT MORE THAN HALF OF PIHLAJALINNA'S
BUSINESS
OPERATIONS WILL REMAIN STABLE DESPITE CORONAVIRUS EPIDEMIC
    * LONG-TERM FINANCIAL OBJECTIVES REMAIN SAME

Source text for Eikon:  ID:nWkr3XH67X 
Further company coverage:  PIHLIS.HE 

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