Brief: RoodMicrotec Withdraws Outlook For 2020

RoodMicrotec N.V.

16/04/2020 07:29

April 16 (Reuters) - ROODMICROTEC N.V.  ROON.AS :
    * ROODMICROTEC ANNOUNCES REVENUE FOR Q1-2020
    * LIMITED IMPACT OF COVID-19 IN FIRST QUARTER BUT UNCLEAR
SITUATION, HENCE OUTLOOK FOR 2020 WITHDRAWN
    * REFINANCING OF BOND LOAN, DUE END OF JUNE 2020, NOT
REALISTIC
GIVEN UNFAVOURABLE CURRENT FINANCIAL CLIMATE DUE TO COVID-19
CRISIS
    * PROPOSAL TO EXTEND CURRENT TERM OF BOND LOAN WITH ONE YEAR
    * OUTLOOK: WITHDRAWS ALL ITS EARLIER GUIDANCE FOR 2020
    * START OF 2020 WAS IN LINE WITH OUR EXPECTATIONS AND
CUSTOMER
FORECASTS - CEO
    * FIRST QUARTER REVENUE IS 4% LOWER COMPARED TO Q1-2019, IN
LINE
WITH GLOBAL SEMICONDUCTOR MARKET
    * IMPACT OF COVID-19 BECAME VISIBLE IN LAST WEEKS OF MARCH
BUT HAD
LIMITED IMPACT ON REVENUE FOR Q1 OF 2020
    * IT IS UNCLEAR HOW COVID-19 SITUATION WILL IMPACT BUSINESS
DURING
2020 - CEO

Source text for Eikon:  ID:nGNE7lJwLW 
Further company coverage:  ROON.AS 

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