Brief: Sergeferrari Group Expects COVID-19 Crisis To Have Significant Impact On Q2

Sergeferrari SA

28/04/2020 18:30

April 28 (Reuters) - SERGEFERRARI GROUP SA  SEFER.PA :
    * POSTS Q1 2020 REVENUES OF EUR 42.5 MILLION
    * OUR TEAMS IN RAPIDLY RESUMING PRODUCTION FOLLOWING
LOCKDOWN
MEASURES ANNOUNCED MID-MARCH IN FRANCE
    * ADDRESSING CURRENT CRISIS THANKS TO A SOLID FINANCIAL
POSITION
    * AT THIS STAGE, IT IS VERY DIFFICULT TO PREDICT HOW LONG
THIS
SITUATION WILL LAST AND CONSEQUENCES IT MAY HAVE, AND OF COURSE,
Q2 WILL BE A COMPLEX ONE
    * ON COVID-19 :  GROUP EXPECTS Q2 TO BE SIGNIFICANTLY
IMPACTED
    * REDUCTION IN 2019 DIVIDEND FROM EUR 0.16 TO EUR 0.12 PER
SHARE,
WITH A DELAY IN PAY-OUT OF THIS DIVIDEND TO SEPTEMBER 30, 2020
    * STRONG AND HEALTHY FINANCIAL POSITION AND PRODUCTION
CAPABILITIES WILL HELP RECOVERY
    * FERRARI FAMILY GROUP DECIDED DIVIDENDS DUE TO IT WILL ONLY
BE
PAID OUT WHEN CURRENT SITUATION ALLOWS, AND WILL THEREFORE BE
RECORDED IN CURRENT ACCOUNT IN MEANTIME

Source text for Eikon:  ID:nACT63179 
Further company coverage:  SEFER.PA 

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