Impact of the Covid-19 pandemic on Assystem’s 2020 objectives
March 20 2020 - 12:35PM
Impact of the Covid-19 pandemic on Assystem’s 2020 objectives
Impact of the Covid-19 pandemic on Assystem’s 2020
objectives
Paris-La Défense, 20 March 2020, 5.35 p.m.
(CET)
In view of the speed at which the Covid-19
pandemic is spreading, as well as the social distancing and
lockdown measures put in place by governments, particularly in
France, Assystem will not be in a position to meet the revenue,
EBITA margin and free cash flow objectives for 2020 that it
announced on 9 March 2020.
As the situation currently stands, we are unable
to measure the net impact on Assystem’s revenue and earnings that
will be caused by Covid-19 itself, and by the measures taken in the
Group’s various operating countries to halt the spread of the virus
and alleviate its effects on companies.
Assystem will issue an update on this net impact
as soon as it can be estimated with a sufficient degree of
reliability.
In addition, Assystem has decided to postpone
its Annual General Meeting from its originally scheduled date of 14
May 2020 to 26 June 2020, with the aim of enabling shareholders
that wish to attend to do so. The per-share dividend for 2019 that
will be put to the shareholder vote at this AGM will still be
€1.00. If this dividend is approved, it will be paid in the first
two weeks of July 2020.
2020 FINANCIAL CALENDAR
- 30 April:
First-quarter 2020 revenue release
- 26 June: Annual
General Meeting
- 30 July:
First-half 2020 revenue release
- 8 September: First-half 2020 results
release – Presentation meeting on 9 September at 8.30 a.m.
(CEST)
- 27 October: Third-quarter
2020 revenue release
Assystem is an international
engineering group. As a key participant in the industry for over 50
years, the Group supports its clients in managing their capital
expenditure throughout their asset life cycles. Assystem S.A. is
listed on Euronext Paris (ISIN: FR0000074148 - ASY). For more
information please visit www.assystem.com / Follow Assystem on
Twitter: @Assystem
CONTACTS
Philippe Chevallier CFO & Deputy CEOTel.: +33
(0)1 41 25 28 07 Anne-Charlotte
DagornCommunications
Directoracdagorn@assystem.com Tel.: +33 (0)6 83 03 70 29 |
Agnès
VilleretInvestor relations –
Komodoagnes.villeret@agence-komodo.comTel.: +33 (0)6 83 28 04 15
|
- Impact of the Covid-19 pandemic on Assystem’s 2020 objectives
20 March 2020
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