AI assistant
Lenzing AG — Earnings Release 2020
Mar 24, 2020
748_iss_2020-03-24_997d894f-c242-4e97-856f-b7c34e444745.pdf
Earnings Release
Open in viewerOpens in your device viewer
Publication Date: 24.03.2020 23:25 EANS-Adhoc: Lenzing AG / Lenzing suspends 2020 guidance due to COVID-19 crisis
Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Earnings Forecast 24.03.2020
Lenzing - As a result of the global COVID-19 crisis, the Lenzing Group expects based on recent developments a negative impact on its textile sales volume. The potential impact cannot yet be reliably estimated, as it strongly depends on the duration of the crisis as well as its further effects on the global economy and textile markets. Consequently, Lenzing suspends its result forecast for 2020 as disclosed on March 12, 2020, when it expected the result for 2020 to be below the level of 2019. In order to mitigate a potentially stronger than expected decline in earnings, Lenzing has already started to implement cost saving measures across its sites globally.
Further inquiry note: Filip Miermans Vice President Corporate Communications Lenzing AG Phone: +43 7672 701 2743 E-mail: [email protected]
end of announcement euro adhoc
issuer: Lenzing AG A-4860 Lenzing phone: +43 7672-701-0 FAX: +43 7672-96301 mail: [email protected] WWW: http://www.lenzing.com ISIN: AT0000644505 indexes: ATX, WBI stockmarkets: Wien language: English
Aussendung übermittelt durch euro adhoc The European Investor Relations Service