Brief: Villeroy & Boch Decides On Further Measures Due To Coronavirus Outbreak
20/03/2020 16:03
March 20 (Reuters) - VILLEROY & BOCH AG VIBG_p.DE :
* COVID 19 PANDEMIC: VILLEROY & BOCH DECIDES ON FURTHER
MEASURES
* HAS NOW AGREED WITH RESPONSIBLE WORKS COUNCILS OF VILLEROY
&
BOCH AG TO INTERRUPT PARTS OF EUROPEAN PRODUCTION FOR PERIOD
UNTIL END OF APRIL
* INTERRUPTION WILL INITIALLY AFFECT SITES OF BOTH DIVISIONS
IN
GERMANY AND FRANCE
* POSSIBLE EXTENSION DEPENDS ON FURTHER DEVELOPMENTS
* FURTHER MEASURES, WHICH MAY INCLUDE INTERRUPTION OF WORK
AT
OTHER LOCATIONS AND PRODUCTION SITES AS WELL AS WORK IN SELECTED
ADMINISTRATIVE AREAS, WILL BE DECIDED DEPENDING ON FURTHER
DEVELOPMENTS
* IS PREPARING ITSELF WITH THESE MEASURES FOR A PHASE OF
TEMPORARILY LOWER DEMAND
* SUPPLY CHAINS HAVE SO FAR REMAINED INTACT AND INVENTORIES
ARE
SUFFICIENTLY HIGH TO COVER NORMAL DEMAND IN COMING WEEKS DESPITE
INTERRUPTION OF PRODUCTION IN EUROPE
* EXPECTS THAT SALES AND EARNINGS FOR CURRENT FINANCIAL YEAR
WILL
BE BELOW PREVIOUS FORECAST
Source text for Eikon: ID:nEQ5Cy5Yna
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