Brief: Valoe Lowers Financial Guidance For 2020

Valoe Oyj

13/08/2020 07:31

Aug 13 (Reuters) - Valoe Oyj  VALOE.HE :
    * REG-PROFIT WARNING: VALOE CORPORATION LOWERS ITS FINANCIAL
GUIDANCE FOR 2020
    * LOWERS ITS FINANCIAL GUIDANCE FOR 2020
    * VALOE ESTIMATES THAT VALOE GROUP'S NET SALES FOR 2020 WILL
BE
APPROXIMATELY EUR 2.1 MILLION (IN 2019: EUR 0.3 MILLION)
    * ESTIMATES VALOE GROUP'S OPERATIVE CASH FLOW TO TURN
POSITIVE ON
A MONTHLY BASIS DURING Q1 OF 2021, PROVIDED THAT COVID-19 DOES
NOT, DIRECTLY OR INDIRECTLY, FURTHER DELAY START OF MASS
PRODUCTION OF SOLAR CELLS AT LITHUANIAN PLANT AND START OF
FULL-SCALE DELIVERIES.

Source text for Eikon:  ID:nGNE63SHsj 
Further company coverage:  VALOE.HE 

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