Brief: Vicat Says May Business Levels Showed Improvement

Vicat SA

24/06/2020 08:23

June 24 (Reuters) - Vicat SA  VCTP.PA :
    * PROVIDED AN UPDATE ON BUSINESS ACTIVITY IN CONTEXT OF
COVID-19
EPIDEMIC IN REGIONS WHERE IT OPERATES
    * BUSINESS LEVELS IN MAY 2020 SHOWED A MARKED IMPROVEMENT ON
THOSE
RECORDED IN MARCH AND APRIL 2020
    * GROUP REITERATES THAT BEYOND ITS FREE CASH FLOWS, ITS
FINANCING
REQUIREMENTS ARE CURRENTLY COVERED BY SECURED UNDRAWN CREDIT
FACILITIES
    * ON COVID-19: IN MAY, LEVEL OF ACTIVITY CONTINUED TO
IMPROVE IN
FRANCE, ENDING AT A LEVEL SLIGHTLY LOWER THAN THAT RECORDED AT
END OF MAY 2019
    * IN THIS CLIMATE, ADAPTATION MEASURES HAVE ALREADY BEEN
IMPLEMENTED BY WAY OF A PLAN TO CUT OPERATING COSTS AND DEFER
NON-STRATEGIC CAPITAL EXPENDITURE
    * TO RELOCATE REGISTERED OFFICES TO ISLE D'ABEAU,
OPERATIONAL
CENTRE OF GROUP, CLOSE TO LYON, THAT WILL WELCOME CORPORATE
TEAMS IN SEPTEMBER

Source text for Eikon:  ID:nBw7FrjPa 
Further company coverage:  VCTP.PA 

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