Brief: EPC Groupe Sees Decline In H1 2020 Activity Of Between -10 And -16% Compared To H1 2019

Soc D Explosifs Produits Chimiques SA

26/06/2020 07:23

June 26 (Reuters) - Soc D Explosifs Produits Chimiques SA
 EEPC.PA :
    * IN THE SHORT TERM, THE GROUP REMAINS VIGILANT ON THE
EVOLUTION
OF THE PANDEMIC
    * IN THE MEDIUM TERM, ALL ENERGY IS NOW CONCENTRATED ON
RENEWING
THE ORDER BOOK
    * ANTICIPATES  DECLINE IN ACTIVITY FOR THE FIRST SIX MONTHS
OF
2020 OF BETWEEN -10 AND -16% COMPARED TO THE FIRST HALF OF 2019
    * AT THE END OF JUNE, DUE TO GOVERNMENT MEASURES, EXISTING
FINANCING LINES ENABLED GROUP TO MEET ITS CASH REQUIREMENTS
WITHOUT ANY PARTICULAR DIFFICULTY
    * ITALY, SPAIN, FRANCE AND BELGIUM RECOVERED MOST RAPIDLY
AFTER
THE CONTAINMENT PERIODS
    * DEMOLITION ACTIVITIES: TO DATE 100% OF CONSTRUCTION SITES
HAVE
RESUMED DESPITE SOMETIMES DETERIORATED CONDITIONS IN TERMS OF
PRODUCTIVITY
    * IN NORTHERN EUROPE MARKET, A RETURN TO NORMAL IS EXPECTED
IN
JULY

Source text : https://bit.ly/2NyeLct
Further company coverage:  EEPC.PA 

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