Brief: Exel Industries Cannot Fully Assess Consequences Of Covid-19 On Its Activities

Exel Industries SA

30/03/2020 17:00

March 30 (Reuters) - EXEL INDUSTRIES SA  EXEP.PA :
    * LACK OF CLARITY IN OUR ENVIRONMENT DOES NOT ALLOW US, AT
THIS
STAGE, TO FULLY ASSESS FINANCIAL CONSEQUENCES OF COVID-19 VIRUS
ON OUR ACTIVITIES
    * HAS IMPLEMENTED MEASURES TO REDUCE FIXED COSTS AND HAS
FROZEN
CERTAIN INVESTMENTS
    * IS CONTINUING TO IMPLEMENT REORGANIZATION OF AGRICULTURAL
SPRAYING
    * BENEFITS FROM A SOLID BALANCE SHEET
    * AT THIS STAGE, DOES NOT ANTICIPATE ANY CASH FLOW PROBLEMS
    * AT THIS STAGE, OUR CREDIT LINES ARE SUFFICIENT TO COVER
ADDITIONAL REQUIREMENTS

Source text for Eikon:  ID:nGNE8DCrWV 
Further company coverage:  EXEP.PA 

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