March 23, 2020 / 6:14 AM / 15 days ago

BRIEF-Autoneum: Coronavirus Pandemic Impacts Course Of Business

March 23 (Reuters) - AUTONEUM HOLDING AG:

* CORONAVIRUS PANDEMIC MASSIVELY IMPACTS COURSE OF BUSINESS

* DOES NOT EXPECT TO ACHIEVE ITS TARGETS FOR THE BUSINESS YEAR 2020

* TEMPORARY PLANT CLOSURES AT ALMOST ALL CUSTOMERS IN ALL REGIONS WILL RESULT IN REVENUE DECLINE AT AUTONEUM IN CURRENT YEAR, EXTENT OF WHICH CANNOT YET BE ESTIMATED

* TO REDUCE THE NUMBER OF TEMPORARY EMPLOYEES IN PLANTS

* NO UPDATED OUTLOOK IS PROVIDED FOR 2020 FOR THE TIME BEING Source text - bit.ly/3dmlm5s Further company coverage: (Gdansk Newsroom)

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