Brief: Systemair Updates On Corona Virus Impact

Systemair AB

01/04/2020 12:05

April 1 (Reuters) - Systemair AB  SYSR.ST :
    * REG-UPDATE ON CORONA VIRUS IMPACT
    * DURING SYSTEMAIR'S Q4 SALES HAVE BEEN AS EXPECTED IN MOST
MARKETS
    * OUTLOOK FOR APRIL AND BEGINNING OF NEXT FINANCIAL YEAR IS
DIFFICULT TO ESTIMATE
    * FACTORIES IN ITALY AND FRANCE CONTINUE TO SUPPLY STOCKED
PRODUCTS
    * 900 FACTORY WORKERS ARE AFFECTED AT EIGHT PRODUCTION SITES
    * DELIVERIES WITHIN EUROPE MAY BE DELAYED DUE TO REDUCED
SUPPLY OF
TRUCK FREIGHT
    * SUPPLY OF COMPONENTS IS ALSO BEGINNING TO SHOW
DEFICIENCIES DUE
TO CLOSED FACTORIES OR DELAYED FREIGHT
    * TAKES MEASURES THAT WILL RESULT IN BOTH SHORT- AND
LONG-TERM
SAVINGS
    * FOCUS WILL BE ON WORKING ADOPTIONS, FEWER TEMPORARY
EMPLOYEES
AND GENERAL COST SAVINGS
    * HAS A STRONG FINANCIAL POSITION AND A GOOD LIQUIDITY

Source text for Eikon:  ID:nGNE2M70jj 
Further company coverage:  SYSR.ST 

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