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SHW AG: responds to the COVID-19 pandemic with additional measures/Guidance for 2020 suspended

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.
 

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24-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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


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