Brief: Paragon: One-Time Effects From Balance Sheet Adjustment At Unit Voltabox
08/05/2020 14:33
May 8 (Reuters) - PARAGON GMBH & CO KGAA PGNG.DE :
* BALANCE SHEET ADJUSTMENT AT PARAGON SUBSIDIARY VOLTABOX
LEADS TO
SIGNIFICANT EXTRAORDINARY EFFECTS
* REASONS FOR ADJUSTMENT OF ASSETS WERE IN PARTICULAR
ANNOUNCEMENT
OF INTENTION BY PARAGON TO SELL ITS SHARES AS WELL AS A WORSENED
OUTLOOK FOR BUSINESS OF VOLTABOX DUE TO CORONAVIRUS PANDEMIC
* VALUE ADJUSTMENTS OF VOLTABOX MADE FOR 2019 COME TO A
TOTAL OF
EUR 100.6 MILLION
* WILL NOT ACHIEVE FORECAST EBIT MARGIN OF -1 TO -2 PERCENT
Source text for Eikon: ID:nEQ1BHHk3a
Further company coverage: PGNG.DE
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