March 19, 2020 / 4:12 PM / in 9 days

BRIEF-Alumetal Says Clients' Production Halt May Impact Group's Financial Results

March 19 (Reuters) - Alumetal SA:

* SAID ON WEDNESDAY IT HAS BEEN NOTIFIED BY SEVERAL CLIENTS INCLUDING VOLKSWAGEN GROUP ABOUT TEMPORARY SUSPENSION OF ACTIVITIES AT THE CLIENTS’ PRODUCTION FACILITIES IN THE CURRENT AND NEXT TWO WEEKS

* THE SUSPENSIONS MAY HAVE A NEGATIVE IMPACT ON GROUP’S SALES REVENUE AND FINANCIAL RESULTS IN THE COMING MONTHS

* THE COMPANY CANNOT CURRENTLY ESTIMATE THE LEVEL OF NEGATIVE IMPACT REGARDING THE AUTOMOTIVE INDUSTRY IN EUROPE

* SEES FIRST SIGNS OF NEGATIVE IMPACT OF CORONAVIRUS ON GROUP’S PRODUCTION OUTLOOK BUT AT PRESENT ALL OF THE COMPANY’S PRODUCTION CONTRACTS ARE ON SCHEDULE

Source text for Eikon:

Further company coverage: (Gdansk Newsroom)

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