Brief: Nobia Updates On Developments Related To The Coronavirus

Nobia AB

19/03/2020 07:35

March 19 (Reuters) - Nobia AB  NOBI.ST :
    * UPDATE ON DEVELOPMENTS RELATED TO THE CORONAVIRUS
    * ON CORONAVIRUS: NOBIA IS BEING NEGATIVELY IMPACTED BY
GLOBAL
SPREAD OF CORONAVIRUS.
    * ON CORONAVIRUS: FINANCIAL RISKS RELATED TO SITUATION
INCLUDE,
BUT ARE NOT LIMITED TO, DISRUPTIONS IN SUPPLY CHAIN AS WELL AS
LOWER DEMAND OF KITCHENS AND UNFAVORABLE CURRENCY MOVEMENTS.
    * FINANCIAL IMPACT OF VIRUS OUTBREAK, AND RESULTING BUSINESS
INTERRUPTIONS, ARE CURRENTLY BEING ASSESSED
    * AS OF NOW, SOFTER DEMAND IN RETAIL, AN UNFAVORABLE
CURRENCY
IMPACT AND LOWER PRODUCTIVITY ARE EXPECTED TO IMPACT Q1
PROFITABILITY NEGATIVELY COMPARED TO SAME PERIOD LAST YEAR.
    * CURRENT DEVELOPMENTS INDICATE CONTINUED MARKET VOLATILITY
DURING
Q2.
    * FURTHER COST REDUCTIONS AND REDUCTION OF CAPITAL
EXPENDITURES
ARE EXPECTED IN ORDER TO SUSTAIN A HEALTHY CASH FLOW AND BALANCE
SHEET WITHIN DEBT/EQUITY TARGET OF 100%

Source text for Eikon:  ID:nWkr7b0Qq0 
Further company coverage:  NOBI.ST 

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