Ad-hoc | 18 March 2020 20:25
NORMA Group decides production downtimes and suggests suspension of dividend for fiscal year 2019
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NORMA Group SE / Key word(s): Market Report/Dividend
Due to the Corona crisis, NORMA Group SE (ISIN DE 000A1H8BV3 / WKN A1H8BV, “NORMA Group”) a global market leader in engineered joining and fluid-handling technology, has decided to reduce production shifts and to interrupt production processes in its sites in the EMEA and the Americas regions starting next week. The duration of these measures depends on the further development of demand as well as the corona crisis. It cannot be ruled out that sites in the Asia-Pacific region will also be affected.
The impact on the financial figures 2020 has still to be determined. They will probably be below the latest market expectations. The Annual General Meeting, formerly scheduled for May 14, 2020 shall be postponed to June 30, 2020. From today’s perspective, it shall be proposed to the Annual General Meeting to suspend the dividend for 2019. Contact: Andreas Trösch Vice President Investor Relations E-mail: Andreas.Troesch@normagroup.com Phone: +49 152 091 036 19
18-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | NORMA Group SE |
| Edisonstr. 4 | |
| 63477 Maintal | |
| Germany | |
| Phone: | +49 6181 6102 741 |
| Fax: | +49 6181 6102 7641 |
| E-mail: | ir@normagroup.com |
| Internet: | www.normagroup.com |
| ISIN: | DE000A1H8BV3 |
| WKN: | A1H8BV |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1001261 |
| End of Announcement | DGAP News Service |