March 16, 2020 / 7:31 AM / in 13 days

CORRECTED-BRIEF-CCC Sees High Likelihood Of Coronavirus Outbreak Impacting Q1

(Corrects headline to say that CCC (not LPP) sees high likelihood of coronavirus outbreak impacting its Q1 results, not that it expects a major negative impact on Q1 results.)

March 16 (Reuters) - CCC SA:

* SAID ON FRIDAY IT EXPECTS THE CORONAVIRUS OUTBREAK AND RELATED GOVERNMENT RESPONSE WILL HAVE A SIGNIFICANT IMPACT ON THE GROUP’S FUTURE FINANCIAL RESULTS

* THE COMPANY IS UNABLE TO ASSESS THE FULL IMPACT AS OF THE PUBLICATION OF THE STATEMENT

* IT IS HIGHLY LIKELY RESTRICTIONS IMPOSED ON THE OPERATIONS OF SHOPPING MALLS WILL HAVE A NEGATIVE IMPACT ON THE COMPANY’S Q1 FINANCIAL RESULTS

* THE GROUP IS DEVELOPING SALES THROUGH E-COMMERCE CHANNELS, WHICH ACCOUNTED FOR 25% SALES REVENUE IN 2019 AND CLOSE TO 45% IN MARCH

Source text for Eikon:

Further company coverage: (Gdansk Newsroom)

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