June 3, 2020 / 5:13 AM / a month ago

BRIEF-Autoneum Restarts Production

June 3 (Reuters) - AUTONEUM HOLDING AG:

* PRODUCTION HAS RESTARTED

* WITH THE RESUMPTION OF VEHICLE MANUFACTURE BY CUSTOMERS, AUTONEUM HAS ALSO RESTARTED COMPONENT PRODUCTION IN ITS PLANTS

* DECLINE IN REVENUE CAUSED BY THE CORONA PANDEMIC IN THE SECOND QUARTER CAN NOT BE COMPENSATED, WHICH WILL HAVE A SIGNIFICANT IMPACT ON THE NET RESULT OF THE FIRST HALF OF 2020

* NET LOSS IN THE HIGHER DOUBLE-DIGIT MILLION RANGE IS THEREFORE TO BE EXPECTED FOR THE FIRST HALF OF THE YEAR.

* FINANCIAL IMPACT OF THE COVID 19 CRISIS ON AUTONEUM IS STILL NOT QUANTIFIABLE FOR THE FULL YEAR 2020

* IT IS EXPECTED THAT THE CUSTOMERS’ VEHICLE PRODUCTION WILL FURTHER INCREASE IN THE SECOND HALF OF THE YEAR

* PLANTS CURRENTLY PRODUCING AT REDUCED VOLUMES IN RESPONSE TO CUSTOMER CALL-OFFS Source text: bit.ly/3gS9dY2 Further company coverage: (Gdansk Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below