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BRIEF-Xebec Provides Update On Coronavirus Impact On Global Operations

Published 2020-03-16, 08:08 a/m
BRIEF-Xebec Provides Update On Coronavirus Impact On Global Operations
XBC
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March 16 (Reuters) - Xebec Adsorption Inc XBC.V :

* XEBEC PROVIDES UPDATE ON CORONAVIRUS IMPACT ON GLOBAL OPERATIONS

* XEBEC ADSORPTION INC - XEBEC SHANGHAI FACILITY HAS SINCE RESTARTED AND IS NOW FULLY OPERATIONAL.

* XEBEC ADSORPTION INC - XEBEC SHANGHAI MAY EXPERIENCE MODERATE IMPACT ON Q1/20 REVENUES, EARNINGS BUT DOES NOT EXPECT A MATERIAL IMPACT ON FY 2020.

* XEBEC ADSORPTION INC - OPERATIONS IN LOMBARDY, ITALY WERE RECENTLY IMPACTED BY MANDATED LOCKDOWN OF COUNTRY

* XEBEC ADSORPTION INC - STARTING TO SEE DELAYS FROM SUPPLIERS BASED IN NORTHERN ITALY BECAUSE OF TRANSPORTATION SHUTDOWN.

* XEBEC ADSORPTION INC - XEBEC'S OPERATIONS IN ITALY MAY EXPERIENCE MODERATE IMPACTS ON Q1 AND Q2 2020 REVENUES AND EARNINGS

* XEBEC ADSORPTION INC - XEBEC'S CANADIAN OPERATIONS IN QUÉBEC CURRENTLY REMAIN UNAFFECTED AND CO IS OPERATING CLOSE TO CAPACITY

* XEBEC ADSORPTION INC - DO NOT EXPECT A SIGNIFICANT IMPACT ON FULL YEAR NUMBERS FOR XEBEC'S OPERATIONS IN ITALY

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