Brief: Valora Effekten Handel Business Affected By Coronavirus

Valora Effekten Handel AG

26/03/2020 16:06

March 26 (Reuters) - VALORA EFFEKTEN HANDEL AG  VEHG.F :
    * IN THE FIRST QUARTER OF 2020, NEGATIVE CORONAVIRUS EFFECTS
IN
PARTICULAR ON THE VALUATIONS OF OUR INVESTMENTS AND TRADING
PORTFOLIOS
    * DEPRECIATION WILL INEVITABLY OCCUR HERE AT THE END OF THE
QUARTER. AS OF TODAY, THE DEVALUATIONS ARE OVER EUR 200,000
    * AS A PRECAUTION WE REDUCE THE PLANNED RESULT FROM THE
ORIGINAL
EUR 100 THOUSAND TO A BALANCED RESULT
    * FOR 2020 WE SEESALES OF EUR 6-7 MILLION AND WITH A
BALANCED
ANNUAL RESULT BEFORE ANY ADDITION TO THE "FUND FOR GENERAL
BANKING RISKS"
    * LIQUIDITY RISKS CANNOT BE IDENTIFIED DUE TO THE HIGH LEVEL
OF
EQUITY FINANCING FOR THE 2020 FINANCIAL YEAR
    * OUR BUSINESS OPERATIONS THEMSELVES CONTINUE TO OPERATE

Source text for Eikon:  ID:nEQ1fv0jTa 
Further company coverage:  VEHG.F 

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