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SNG - Singulus Technologies AG News Story

€5 -0.0  -0.4%

Last Trade - 4:36pm

Sector
Industrials
Size
Micro Cap
Market Cap £38.7m
Enterprise Value £49.2m
Revenue £33.9m
Position in Universe 855th / 1046

BRIEF-Singulus Technologies Reduces Business Operations And Agrees Short-Time Work

Fri 27th March, 2020 7:56am
March 27 (Reuters) - SINGULUS TECHNOLOGIES AG  SNGGk.DE :
    * TEMPORARILY REDUCES BUSINESS OPERATIONS AND AGREES
SHORT-TIME
WORK
    * SUPERVISORY BOARD, EXECUTIVE BOARD AND MANAGEMENT WAIVE 20
% OF
FIXED COMPENSATION FOR THREE MONTHS
    * COVID-19 PANDEMIC RESULTS IN SHORT-TIME WORK AT SINGULUS
TECHNOLOGIES
    * AS OF TODAY, COMPLETION OF EXISTING LARGE ORDERS AND
FORECASTS
WITH RESPECT TO FINANCIAL TARGETS OF CO FOR CURRENT BUSINESS
YEAR REMAIN UNAFFECTED BY THESE DECISIONS
    * WE WILL CONTINUE TO SERVICE AND ATTEND TO OUR CUSTOMERS
    * SALES & MARKETING ACTIVITIES AS WELL AS CUSTOMER SERVICES
ARE
CONTINUED

Source text for Eikon:  ID:nEQ5Vg3Vta 
Further company coverage:  SNGGk.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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