Brief: Realfiction Updates Its Guidance, Pauses Its Test Launch Of Maas For Retail In Germany Due To Coronavirus Situation

Realfiction Holding AB

26/03/2020 07:43

March 26 (Reuters) - Realfiction Holding AB  REALFI.ST :
    * REALFICTION UPDATES ITS GUIDANCE AND PAUSES ITS TEST
LAUNCH OF
MAAS FOR RETAIL IN GERMANY DUE TO THE CORONAVIRUS SITUATION
    * REALFICTION HOLDING AB - COMPANY CAN NO LONGER BE CERTAIN
THAT
IT WILL REACH BREAKEVEN FOR ITS SALES ACTIVITIES IN 2020 AS
PREVIOUSLY STATED
    * REALFICTION HOLDING AB - WILL NOT PROVIDE ANY NEW
FINANCIAL
GUIDANCE UNTIL CORONAVIRUS SITUATION STABILIZES
    * REALFICTION HOLDING AB - REALFICTION PAUSES ITS ONGOING
TEST
LAUNCH OF A MAAS MEDIA CHANNEL IN GERMANY AT 25 EDEKA STORES
THAT WAS SUCCESSFULLY INITIATED IN MARCH 2020
    * REALFICTION HOLDING AB - HAS BEEN ABLE TO FURTHER DECREASE
ITS
OPERATIONAL COSTS BY ADJUSTING ITS TEAMS CONNECTED TO ITS MAAS
FOR RETAIL IN NORDIC REGION AND MAAS FOR EXHIBITIONS SEGMENTS
WITH A PERMANENT REDUCTION OF 2 EMPLOYEES AND A FURTHER
REDUCTION OF 4 EMPLOYEES FOR A LIMITED TIME PERIOD
    * REALFICTION HOLDING AB - WE ARE STILL RECEIVING ORDERS IN
300-500 TSEK RANGE WITH DELIVERY IN COMING MONTHS
    * REALFICTION HOLDING AB - EXPECTS NEGLIGIBLE SHORT-TERM
EFFECTS
AND NO LONG-TERM EFFECTS FROM PAUSING OF THESE BUSINESS
ACTIVITIES

Source text for Eikon:  ID:nWkr62Wq6B 
Further company coverage:  REALFI.ST 

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