June 8, 2020 / 3:48 PM / a month ago

BRIEF-Grifols Says Estimated COVID-19 Impact In 2020 At 200 Mln Euros

June 8 (Reuters) - Grifols SA:

* SAYS HAS ESTIMATED A TOTAL IMPACT OF 200 MILLION EUROS FOR THE FISCAL YEAR 2020

* SAYS IMPACT WILL BE RECOGNISED ON GROSS MARGIN LINE OF CONSOLIDATED PROFIT AND LOSS FOR THE FIRST HALF OF 2020

* IT HAS IMPLEMENTED A CONTAINMENT PLAN OF NON-STRUCTURAL OPERATING EXPENSES TO MITIGATE THE IMPACT

* PLAN ESTIMATED TO HAVE POSITIVE EFFECT OF 100 MILLION EUROS ON THE CONSOLIDATED PROFIT AND LOSS OF FY2020 Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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