Cementir Holding Q1 Pre-Tax Loss Widens To EUR 5.0 Mln

Cementir Holding NV:Q1 Revenue Eur 266.9 Million Versus Eur 264.4 Million Year Ago.Q1 Pre-Tax Loss Eur 5.0 Million Versus Loss Eur 0.3 Million Year Ago.On Covid-19, Given Unprecedented Level Of Uncertainty We Are Withdrawing Our Previously-Issued Full-Year 2020 Guidance.We Expect To Provide An Update After Our First Half 2020 Results.Impact Of Slow-Down In Demand And Covid-19 Lockdown Will Determine Further Contraction In Group Sales Volumes In Western Europe, Turkey And Us In Q2 2020.In China And Malaysia Operations Restarted And Are Progressing Towards A Normalization.We Expect Northern Europe To Remain Relatively Unscathed By General Slowdown With The Exception Of Norway.We Are Implementing Comprehensive Mitigating Actions To Reduce Costs, Preserve Cash And Restrict Capital Expenditure.We Are Postponing All Non Necessary Capex By A Few Quarters, Up To Eur 30 Million.Covid-19 Impact Was Marginal, Mainly In Month Of March And Confined To Belgium And France And, To A Lesser Extent, To China And Malaysia