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DGAP-Adhoc: NORMA Group decides production downtimes and suggests suspension of dividend for fiscal year 2019

eqs_en 
0 0 18.03.20
DGAP-Adhoc: NORMA Group decides production downtimes and suggests suspension of dividend for fiscal year 2019 : http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/23732/Logo_Norma_Group.svg.png
 

DGAP-Ad-hoc: NORMA Group SE / Key word(s): Market Report/Dividend
NORMA Group decides production downtimes and suggests suspension of dividend for fiscal year 2019

18-March-2020 / 20:25 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.

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: [email protected]
Phone: +49 152 091 036 19 

18-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: NORMA Group SE
Edisonstr. 4
63477 Maintal
Germany
Phone: +49 6181 6102 741
Fax: +49 6181 6102 7641
E-mail: [email protected]
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

1001261  18-March-2020 CET/CEST

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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