Brief: Tobii Expects Q1 Revenue To Be About 5% Up Yoy

Tobii AB

07/04/2020 07:07

April 7 (Reuters) - Tobii AB  TOBII.ST :
    * TOBII COMMENTS ON COVID-19 PANDEMIC IMPACT AND THE GROUP'S
ACTIONS
    * TOBII EXPECTS GROUP'S REVENUE OF Q1 TO BE AROUND SEK 380
MILLION, WHICH IS ABOUT 5% HIGHER THAN REVENUE OF Q1 2019
    * TOBII EXPECTS ALL THREE DIVISIONS TO BE NEGATIVELY
IMPACTED IN
SHORT TERM, MAINLY DUE TO LOCK-DOWN REGULATIONS IN MANY
COUNTRIES
    * IT WILL MOST LIKELY NOT BE POSSIBLE TO REACH COMPANY'S
FINANCIAL
TARGETS IN 2020
    * COST PROGRAM IS EXPECTED TO REDUCE GROUP'S OPERATING
EXPENSES IN
Q2 2020 BY AROUND 20% COMPARED TO 2019

Source text for Eikon:  ID:nWkr85RyXk 
Further company coverage:  TOBII.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))