5 May 2020 - Covid-19 trading update

The diversified industrial engineering company has announced a trading update in response to the impact of Covid-19.  It had already noted in a trading update on 21 February that trading conditions were more challenging.  There was a volatile order intake in both Machine Tools and Industrial Laser Systems, with a number of projects being delayed until the next financial year.  More recently, deliveries during March 2020 were affected and the ongoing restrictions create supply issues.  Trading results for the year to 28 March 2020 are expected to be broadly in line with . . .

This content is restricted to members only. We offer three packages from 1 month to a whole year of daily tips, market news and commentary, plus our monthly newsletters.
Registration is quick and simple HERE.

Already a member, log in HERE.