Oerlikon reported a weak set of Q1 results and decided to suspend its full-year guidance given the very low visibility due to the Coronavirus outbreak. As China was the first country to lift its lockdown, we might see the benefits in Q2, especially in Manmade Fibres. The focus is now on preserving cash on board.
06 May 2020
Weak Q1 results and FY20 guidance withdrawn
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Weak Q1 results and FY20 guidance withdrawn
OC Oerlikon Corporation AG (0QO3:LON) | 0 0 1.0% | Mkt Cap: 5,256m
- Published:
06 May 2020 -
Author:
Luis Pereira -
Pages:
2
Oerlikon reported a weak set of Q1 results and decided to suspend its full-year guidance given the very low visibility due to the Coronavirus outbreak. As China was the first country to lift its lockdown, we might see the benefits in Q2, especially in Manmade Fibres. The focus is now on preserving cash on board.