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Healthcare

BRIEF-Valmet Withdraws Guidance For 2020

April 16 (Reuters) - Valmet Oyj:

* REG-VALMET WITHDRAWS ITS GUIDANCE FOR 2020 DUE TO INCREASED UNCERTAINTY RELATED TO THE COVID-19 PANDEMIC

* BECAUSE OF INCREASED UNCERTAINTY CAUSED BY COVID-19 PANDEMIC, VALMET WITHDRAWS ITS GUIDANCE FOR 2020

* IMPACTS OF PANDEMIC ON VALMET’S OPERATIONS AND BUSINESS ENVIRONMENT DEPEND ON DURATION AND SEVERITY OF CRISIS

* ON FEBRUARY 5, 2020 VALMET ISSUED THE FOLLOWING GUIDANCE: ESTIMATES THAT NET SALES IN 2020 WILL INCREASE IN COMPARISON WITH 2019 (EUR 3,547 MLN) AND COMPARABLE EBITA IN 2020 WILL INCREASE IN COMPARISON WITH 2019 (EUR 316 MLN) Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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