Brief: EPC Groupe Expects Up To 30% Decrease In H1 Activity

Soc D Explosifs Produits Chimiques SA

30/04/2020 10:17

April 30 (Reuters) - SOC D EXPLOSIFS PRODUITS CHIMIQUES SA
 EEPC.PA :
    * ANNOUNCED ON WEDNESDAY END-MARCH SALES (EXCLUDING JOINT
VENTURE)
EUR 82.8 MILLION VS TO EUR 84.7 MILLION YEAR AGO
    * SAYS IN SHORT TERM, RESTARTING OF GROUP'S ACTIVITY WILL
DEPEND
ON SPEED AT WHICH PUBLIC WORKS AND CONSTRUCTION SITES WILL
RESUME
    * SAYS IN MID-TERM, COVID-19 PANDEMIC WILL HAVE IMPACT ON
THE PACE
OF NEW ORDER SIGNINGS
    * SAYS IN LONGER TERM, IT IS IMPOSSIBLE TO PREDICT IMPACT ON
ITS
ACTIVITIES OF THE VIOLENT ECONOMIC CRISIS 
    * EXPECTS DECREASE IN H1 ACTIVITY FROM 20% TO 30% COMPARED
TO 2019
    * IN MEDIUM TERM, CASH REQUIREMENT IS CURRENTLY ESTIMATED AT
EUR
28 MILLION
    * WILL NOT PROPOSE DIVIDEND FOR 2019

    
    
 Source text for Eikon:  ID:nNDL6htHSb 
    
 Further company coverage:  EEPC.PA  
   


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