Brief: Valoe Oyj Says During Final Quarter Of 2019, Net Sales Of Valoe Group, Under IFRS Standards, Decreased By 63.9%

Valoe Oyj

31/03/2020 18:28

March 31 (Reuters) - Valoe Oyj  VALOE.HE :
    * VALOE OYJ - DURING FINAL QUARTER OF 2019, NET SALES OF
VALOE
GROUP, UNDER IFRS STANDARDS, DECREASED BY 63.9 PERCENT
    * VALOE OYJ - ESTIMATES NET SALES FOR 2020 TO BE SEVERAL
TIMES
HIGHER THAN NET SALES FOR FINANCIAL YEAR 2018 (EUR 1.3 MILLION)
    * VALOE OYJ - SALES OF ODD FORM MODULES ARE EXPECTED TO
ACCELERATE
IN SECOND HALF OF FINANCIAL YEAR 2020
    * VALOE OYJ - COVID-19 WILL AFFECT VALOE'S BUSINESS AND
EXPECTED
CASH FLOWS, MAINLY THROUGH SLOWING DOWN SALES PROJECTS
    * VALOE OYJ QTRLY UNDILUTED EARNINGS PER SHARE WERE EUR
-0.02 (EUR
-0.06)
    * VALOE OYJ - BOARD OF DIRECTORS PROPOSES TO ANNUAL GENERAL
MEETING THAT NO DIVIDEND FROM FINANCIAL YEAR 2019 WILL BE PAID

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE8DB7Wg
Further company coverage:  VALOE.HE 

 ((Reuters.Briefs@thomsonreuters.com;))