EXACOMPTA CLAIREFONTAINE (EPA:EXAC) - Group's situation
Transparency directive : regulatory news
01/06/2020 18:00
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Dear Shareholders,Chaired by Mr François Nusse, the Board of Directors of EXACOMPTA
CLAIREFONTAINE met on 27 May 2020 to review the Group's situation.
Consumption of office articles such as printing paper fell drastically in
Europe during the first two months of the COVID-19 epidemic and our sales have
suffered as a result. For example, paper shipping volumes fell by a third
during this period. The consequences of the health crisis and the measures
taken to protect employees' health compelled us to make adjustments to workshop
operation. Workshops have generally remained operational, benefiting from our
storage capacities in Europe. Only the production of certain specialised
products had to be stopped. Preparations were made as usual for the
back-to-school and end-of-year campaigns.
The Group did not benefit from any support measures other than the postponement
of repayment dates for some loans. Use of short-time working arrangements was
very limited.
We cannot draw an accurate picture of how our markets will develop over the
coming months, as the lockdown has affected consumer needs and the exit process
will be gradual. We may therefore have to adjust production on some units.
On 10 September 2020 we will issue a release on first half earnings and the
outlook for the rest of the year.
THE BOARD OF DIRECTORS
Head of Financial Reporting
Jean-Marie Nusse - Executive Vice President
F 88480 ETIVAL-CLAIREFONTAINE - TEL. +33 (0)3 29 42 42 42 -
FAX +33 (0)3 29 42 42 00
SA WITH CAPITAL OF EUR4,525,920 - SIRET: 505 780 296 000 16 - NAF: 7010Z -
RCS EPINAL: B 505 780 296 WEBSITE WWW.EXACOMPTACLAIREFONTAINE.FR -
EMAIL ACTIONNAIRE@CLAIREFONTAINE.EU
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