DGAP-Adhoc: SHW AG: responds to the COVID-19 pandemic with additional measures/Guidance for 2020 suspended
DGAP-Ad-hoc: SHW AG / Key word(s): Change in Forecast
SHW AG: responds to the COVID-19 pandemic with additional measures/Guidance for 2020 suspended
24-March-2020 / 15:37 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
ANNOUNCEMENT ON INSIDER INFORMATION PURSUANT TO ARTICLE 17 OF REGULATION (EU) No 596/2014
SHW AG: responds to the COVID-19 pandemic with additional measures/Guidance for 2020 suspended
Aalen, 24 March 2020. SHW AG responds to the rapid escalation of the COVID-19 pandemic. The Management Board of SHW AG has passed a resolution to temporarily reduce production capacity by making use of the German state-funded reduced working hours scheme ("Kurzarbeit"). This allows SHW AG to respond rapidly to a reduction in customer demand and potential interruptions in the supply chain.
The current spread of COVID-19 requires a daily reassessment of the economic impact. The guidance already published for fiscal year 2020 is therefore suspended for the time being.
* * * *
24-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
SHW AG
Wilhelmstrasse 67
73433 Aalen
Germany
Phone:
+49 7361 502-1
Fax:
+49 7361 502-852
E-mail:
ir@shw.de
Internet:
www.shw.de
ISIN:
DE000A1JBPV9
WKN:
A1JBPV
Listed:
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID:
1005709
End of Announcement
DGAP News Service
1005709 24-March-2020 CET/CEST