March 23, 2020 / 9:34 AM / 7 days ago

BRIEF-Oesterreichische Post Expects Revenue Losses Due To Coronavirus Outbreak

March 23 (Reuters) - OESTERREICHISCHE POST AG:

* FROM TODAY’S PERSPECTIVE, EFFECT OF VIRUS ON EARNINGS FOR YEAR 2020 CANNOT BE ESTIMATED

* AS AN INTEGRAL PART OF COUNTRY’S CRITICAL INFRASTRUCTURE, AUSTRIAN POST MAINTAINS ITS BUSINESS OPERATIONS FOR SAKE OF AUSTRIA’S WELL-BEING AND SECURITY

* REVENUE LOSSES ARE ANTICIPATED, DEPENDING ON DURATION AND CONSEQUENCES OF CURRENT RESTRICTIONS

* MAINTAINS ITS BUSINESS OPERATIONS

* COST REDUCTION MEASURES HAVE BEEN INITIATED ALONGSIDE POSTPONEMENT OF NOT TIME-CRITICAL PROJECTS

* THESE MEASURES RELATE TO STAFF COSTS, INCLUDING PARTIAL SHORT- TIME WORK AND REDUCTION OF UNUSED VACATION TIME, AS WELL AS MATERIAL COSTS Source text for Eikon: Further company coverage: (Gdansk Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below