Business and Financial Review • Mar 13, 2020
Business and Financial Review
Open in ViewerOpens in native device viewer
Security: ADPL / ISIN: HRADPLRA0006 LEI: 549300NFX18SRZHNT751 Home Member State: Croatia Quotation: Zagreb Stock Exchange, Prime Market
Solin, March 13, 2020
Following the recommendation of the European Securities and Markets Authority (ESMA), we hereby inform the investment public of the impact of the spread of COVID-19 virus on AD Plastik Group's business.
Since the appearance of the COVID-19 virus to this day, the operations of the AD Plastik Group have been running smoothly. There were no interruptions in the supply of raw materials or in the delivery of products, despite delays at border crossings that did not significantly affect our business operations. In addition, we have no announcement of changes in customer orders, which means that this situation has not had a material impact on AD Plastik Group's business so far.
FCA Group has temporarily closed four of its factories in Italy for two to three days due to the consequences of the spread of the COVID-19 virus, which does not have a significant impact on the AD Plastik Group's business. The AD Plastik Group generates only 1.5 percent of total sales revenue from these plants.
The financial situation of the Group is stable and not affected by the spread of the COVID-19 virus, but like other companies, we note a significant decline in the value of the share due to the fear and panic caused by this situation in the capital market.
AD Plastik Group will inform the investment public in a timely manner of any changes significant to the business and related to the impact of the COVID-19 virus.
Mladen Peroš Management Board Member
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.