Brief: Spar Nord Bank Suspends Financial Guidance, Cancels Annual General Meeting

Spar Nord Bank A/S

19/03/2020 08:49

March 19 (Reuters) - Spar Nord Bank A/S  SPNO.CO :
    * REG-SPAR NORD SUSPENDS FINANCIAL GUIDANCE AND CANCELS
ANNUAL
GENERAL MEETING
    * SPAR NORD'S BOARD OF DIRECTORS HAS RESOLVED TO SUSPEND
BANK'S
FINANCIAL GUIDANCE FOR CORE EARNINGS BEFORE IMPAIRMENT IN RANGE
OF DKK 900-1,100 MILLION AND A NET PROFIT OF DKK 625-825 MILLION
    * IT IS CURRENTLY DIFFICULT TO PREDICT EFFECT WHICH
SITUATION WITH
COVID-19 WILL HAVE ON CUSTOMER ACTIVITY
    * EXPECTS TO BE ABLE TO PROVIDE AN UPDATE ON ITS FINANCIAL
GUIDANCE FOR 2020 IN CONNECTION WITH RELEASE OF ITS INTERIM
REPORT FOR Q1 2020 ON 30 APRIL 2020
    * CANCELLATION OF ANNUAL GENERAL MEETING
    * ON CORONAVIRUS: SPREADING OF COVID-19 TO HAVE IMPACT ON
SPAR
NORD'S FINANCIAL PERFORMANCE IN 2020
    * NEW ANNUAL GENERAL MEETING WILL BE CONVENED ONCE GATHERING
BAN
HAS BEEN LIFTED

Source text for Eikon:  ID:nGNEygzcw 
Further company coverage:  SPNO.CO 

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