Brief: Riber Order Book At End-March Revised Down At 22.5 Million Euros

Riber SA

13/05/2020 07:16

May 13 (Reuters) - RIBER SA  RIBE.PA :
    * RIBER: ORDER BOOK REVISED FOLLOWING A REFUSAL OF AN EXPORT
LICENSE AND NEW ORDER RECEIVED IN ASIA
    * IN THIS CONTEXT, ORDER BOOK AT END-MARCH 2020 IS REVISED
DOWN TO
EUR 22.5 MILLION
    * IS ANNOUNCING THE REVISION OF ITS ORDER BOOK FOLLOWING THE
FRENCH AUTHORITIES’ REFUSAL TO GRANT EXPORT LICENSES FOR TWO
DEALS SIGNED PREVIOUSLY
    * NEGOTIATIONS UNDERWAY SHOULD MAKE IT POSSIBLE TO SIGN
SIGNIFICANT CONTRACTS THAT WILL COMPENSATE FOR THESE
CANCELLATIONS
    * HAS THEREFORE CANCELED THESE ORDERS FOR A TOTAL OF EUR 4.0
MILLION
    * FRENCH AUTHORITIES HAVE INFORMED RIBER THAT THEY HAVE
REFUSED TO
GRANT AN EXPORT LICENSE FOR TWO DEALS CONCERNING THREE MACHINES
    * FOR INSTANCE, RIBER HAS JUST RECEIVED A NEW ORDER FOR A
RESEARCH
MACHINE FROM AN ASIAN RESEARCH CENTER AND FOR WHICH THE EXPORT
LICENSE HAS BEEN OBTAINED

Source text for Eikon:  ID:nGNE5SGf1v 
Further company coverage:  RIBE.PA 

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