March 23, 2020 / 8:10 PM / 18 days ago

BRIEF-BIC Reports On Coronavirus Outbreak Impacts

March 23 (Reuters) - Societe BIC SA:

* UPDATE ON COVID-19 IMPACTS

* 2020 OUTLOOK AND MARKET ASSUMPTIONS COMMUNICATED ON 12 FEBRUARY 2020 ARE SUSPENDED UNTIL FURTHER NOTICE

* GROUP COULD POTENTIALLY SEE DISRUPTION IN BIC’S GLOBAL SUPPLY CHAIN IN EVENT OF FURTHER FACTORY CLOSURES, AS WELL AS DISCONTINUATION OF ACTIVITY OF SOME OF OUR SUPPLIERS AND SUBCONTRACTORS

* GROUP COULD POTENTIALLY SEE NEGATIVE IMPACT ON NET SALES

* GROUP COULD POTENTIALLY SEE IMPACTS ON COST BASE WITH SIGNIFICANT DETERIORATION OF FIXED COST ABSORPTION

* AS OF END OF LAST WEEK, BIC NET CASH POSITION WAS SLIGHTLY ABOVE 170 MILLION EUROS

* TO DATE, FOUR WRITING INSTRUMENT FACTORIES HAVE HALTED OPERATIONS TO COMPLY WITH LOCAL GOVERNMENT GUIDELINES (TWO IN INDIA, ONE IN TUNISIA AND ONE IN ECUADOR) Source text for Eikon: 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