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V3S - Vectron Systems AG News Story

€13.22 0.1  0.5%

Last Trade - 7:45am

Sector
Technology
Size
Small Cap
Market Cap £91.1m
Enterprise Value £84.0m
Revenue £23.8m
Position in Universe 749th / 1046

BRIEF-Vectron Systems Withdraws Forecast For 2020

Tue 17th March, 2020 12:30pm
March 17 (Reuters) - VECTRON SYSTEMS AG V3SG.DE :
    * CORONAVIRUS AFFECTS PLANNING BUT IS NO EXISTENTIAL DANGER
    * CURRENTLY NOT POSSIBLE TO MAKE ANY SERIOUS PREDICTIONS
ABOUT
COURSE OF BUSINESS IN 2020
    * MANAGEMENT IS WITHDRAWING ITS NOVEMBER 2019 FORECAST OF
GENERATING SALES OF AT LEAST EUR 50 MILLION
    * HAS SUFFICIENT LIQUID FUNDS TO BE ABLE TO SURVIVE A
PROLONGED
LEAN PERIOD IF NECESSARY
    * MANAGEMENT IS WITHDRAWING FORECAST OF EBIT MARGIN IN LOW
DOUBLE-DIGIT PERCENTAGE RANGE IN 2020

Source text for Eikon:  ID:nEQ1jX6Xda 
Further company coverage:  V3SG.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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