March 19, 2020 / 8:11 AM / 15 days ago

BRIEF-Nordic Semiconductor Updates On Coronavirus Impact

March 19 (Reuters) - Nordic Semiconductor ASA:

* GUIDANCE FOR Q1 2020 REMAINS INTACT AT TIME OF WRITING

* IT IS DIFFICULT TO ESTIMATE HOW CHANGES IN CONSUMER SPENDING WILL AFFECT DEMAND FOR END-USER PRODUCTS FOR REST OF 2020

* EXPECTS REVENUE FROM BLUETOOTH LOW ENERGY AND MULTIPROTOCOL SOLUTIONS TO GROW AT AN ANNUAL RATE OF 20-30% IN MEDIUM-TERM, IT IS DIFFICULT TO ESTIMATE HOW CHANGES IN CONSUMER SPENDING WILL AFFECT DEMAND FOR END-USER PRODUCTS FOR REST OF 2020

* BELIEVES LONG-TERM MARKET OUTLOOK AND COMPANY’S OWN PRODUCT AND CUSTOMER ROADMAPS OFFER A FAVORABLE BACKDROP FOR ITS ASPIRATION TO BUILD A USD 1 BILLION REVENUE COMPANY WITHIN FIVE YEARS Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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