May 13, 2020 / 5:10 PM / 13 days ago

BRIEF-Jeronimo Martins Withdraws 2020 Guidance Due To COVID-19

May 13 (Reuters) - Jeronimo Martins SGPS SA:

* SAYS BOARD TO PROPOSE GROSS DIVIDEND OF 0.207 EUROS PER SHARE

* SAYS WITHDRAWS 2020 GUIDANCE

* ON CORONAVIRUS: HARD TO PREDICT THE SCALE AND DEPTH OF THE ULTIMATE EFFECTS OF THE PANDEMIC

* SAYS GROUP HAS SUSPENDED INVESTMENT IN NEW STORES AND REMODELLING PROJECTS DUE TO CURRENT UNCERTAINTY REGARDING COVID-19 IMPACTS

* SAYS Q1 EBITDA MARGIN REDUCTION AT POLISH UNIT BIEDRONKA REFLECTS PANDEMIC IMPACT ON OPERATION COSTS

* SAYS PLANNED STRATEGIC INVESTMENTS, NAMELY IN LAND ACQUISITIONS FOR FUTURE LOCATIONS, WILL NOT BE COMPROMISED

* SAYS RESCHEDULED ITS CAPEX PROGRAMME Source text: bit.ly/3cG7QJ6 Further company coverage: (Gdansk Newsroom)

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