March 25, 2020 / 6:34 AM / 14 days ago

BRIEF-Eimskipafelag Islands Cancels Guidance For 2020

March 25 (Reuters) - Eimskipafelag Islands hf:

* SAID ON TUESDAY DECIDED TO WITHDRAW ITS GUIDANCE FOR 2020 DUE TO UNCERTAINTY SURROUNDING COVID-19 PANDEMIC

* WORKING ON VARIOUS CONTINGENCY PLANNING MEASURES TO LIMIT EFFECT OF COVID-19 ON OPERATION

* INCREASING NEGATIVE IMPACT ON GLOBAL ECONOMIES IS LIKELY TO AFFECT SALES & PROFITABILITY IN COMING WEEKS AND MONTHS

* OPERATING RESULTS IN Q1 HAVE BEEN SOMEWHAT MIXED Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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