Brief: Deceuninck Says Will Propose Not To Pay Any Dividend Over The Year 2019

Deceuninck NV

20/03/2020 17:54

March 20 (Reuters) - DECEUNINCK NV  DECB.BR :
    * IMPACT AND COUNTER-MEASURES CORONA VIRUS
    * WE SEE AN INCREASING NUMBER OF CONSTRUCTION PROJECTS IN
EUROPE
BEING SUSPENDED WHICH WILL NEGATIVELY IMPACT OUR INDUSTRY
    * ALTHOUGH IT REMAINS DIFFICULT TO QUANTIFY THE LIKELY
SLOWDOWN,
WE HAVE BEEN TAKING IMMEDIATE ACTION TO REDUCE OUR COST BASE
    * PRODUCTION SITES IN BELGIUM AND FRANCE HAVE BEEN
TEMPORARILY
CLOSED
    * IN THIS CONTEXT, THE BOARD OF DIRECTORS WILL PROPOSE NOT
TO PAY
ANY DIVIDEND OVER THE YEAR 2019, CONTRARY TO WHAT HAS BEEN
COMMUNICATED ON FEBRUARY 20, 2020
    * UNAUDITED FINANCIAL RESULTS FOR THE FIRST TWO MONTHS OF
2020
HAVE BEEN STRONG WITH SALES GROWING 12%

Source text: https://bit.ly/2UsAXb2
Further company coverage:  DECB.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587785110;))