Brief: SRP Groupe Reports Impact On All Activities By COVID-19 Epidemic

SRP Groupe SA

02/04/2020 17:08

April 2 (Reuters) - SRP GROUPE SA  SRPG.PA :
    * INFORMATION REGARDING CONSEQUENCES OF COVID-19 EPIDEMIC
    * ALL ACTIVITIES (INCLUDING INTERNET AND MEDIA) HAVE BEEN
IMPACTED
BY ONGOING CRISIS, ESPECIALLY DUE TO DISRUPTIONS IN SUPPLY CHAIN
    * GROUP'S ACTIVITY REMAINS CLOSELY LINKED TO DELIVERY AND
SUPPLY
CONDITIONS IN COUNTRIES WHERE GROUP OPERATES
    * TRAVEL RESTRICTIONS HAVE A DIRECT IMPACT ON SHIPMENT AND
DELIVERY OF ORDERS
    * PICK-UP POINT NETWORK, WHICH IS DELIVERY METHOD FAVOURED
BY
SHOWROOMPRIVÉ BUYERS, HAS BEEN CLOSED IN FRANCE SINCE 17 MARCH
    * GROUP INTENDS TO LIMIT AS FAR AS POSSIBLE IMPACT OF
ACTIVITY
DECREASE ON PROFITABILITY
    * PROJECTION OF PROGRESSIVE IMPROVEMENT OF EBITDA MARGIN
BEING
LOGICALLY SUSPENDED GIVEN CURRENT LACK OF VISIBILITY
    * DISCUSSIONS WITH BANKING PARTNERS ARE CONTINUING FOR
RENEWAL AND
EXTENSION OF MATURITY OF FINANCING LINES
    * GROUP WILL BE ABLE TO RELY ON BUSINESS SUPPORT PLAN
DEPLOYED BY
FRENCH GOVERNMENT

Source text for Eikon:  ID:nEQ9XL9rCa 
Further company coverage:  SRPG.PA 

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