Brief: Steico Withdraws Its 2020 Outlook

Steico SE

19/03/2020 13:14

March 19 (Reuters) - STEICO SE  ST5G.DE :
    * OUTLOOK FOR 2020 WITHDRAWN
    * PRODUCTION IN FRANCE SUSPENDED TEMPORARILY
    * BELIEVES THAT IN 2020 IT WILL NOT BE POSSIBLE TO REACH
ORIGINAL
OUTLOOK WITH REVENUE GROWTH OF MORE THAN 10% AND AN EBIT RATIO
AROUND 10% (IN TERMS OF TOTAL OPERATING REVENUE)
    * PLANT IN FRANCE IS INITIALLY SCHEDULED TO CLOSE THROUGH TO
5
APRIL
    * AT PRESENT TIME, CONCRETE IMPACT OF CORONA CRISIS CANNOT
BE
QUANTIFIED
    * DEPENDING ON TYPE AND DURATION OF ACTIVITIES TO CONTAIN
CORONA
VIRUS, FURTHER NEGATIVE EFFECTS ARE TO BE EXPECTED
    * PRODUCTION AT POLISH PLANTS, WHICH CONTRIBUTE TO MORE THAN
90%
OF GROUP'S ADDED VALUE, HAS NOT BEEN AFFECTED TO DATE

Source text for Eikon:  ID:nEQ2P05Fsa 
Further company coverage:  ST5G.DE 

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