Brief: SGL Carbon Suspends Guidance For 2020 Due To Coronavirus Pandemic
01/04/2020 11:56
April 1 (Reuters) - SGL CARBON SE SGCG.DE :
* SGL CARBON SE SUSPENDS GUIDANCE FOR THE CURRENT FISCAL
YEAR, THE
PREVIOUSLY COMMUNICATED TARGETS FOR 2020 ARE UNLIKELY TO BE
ACHIEVED DUE TO THE COVID-19 PANDEMIC
* INTRODUCED AND PARTIALLY ALREADY IMPLEMENTED COMPREHENSIVE
MEASURES TO REDUCE COST BASE AND TO SECURE LIQUIDITY
* THESE MEASURES INCLUDE INTRODUCTION OF SHORT-TIME WORK,
REDUCTION OF MATERIAL AND INDIRECT SPEND, AS WELL AS FURTHER
REDUCTION RESP. POSTPONEMENT OF CAPITAL EXPENDITURES
Source text for Eikon: ID:nEQ4XR7hVa
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