Update on Covid-19Mar 24, 2020
Paris La Défense, March 24th, 2020 - Nexans is closely monitoring the Covid-19 pandemic and managing its consequences, to ensure the best possible outcome in the interest of our People, our Customers and business partners and all our stakeholders.
The Executive Committee and the entire management team globally, are fully engaged in managing the crisis and are focusing on these main key objectives:
- Workforce Protection;
- Supply Chain & Production Continuity;
- Customer Engagement;
- Preserving our financial liquidity.
At this stage, as several governments have taken, and continue to take, restrictive measures which may affect our supply chain and production schedule worldwide and given the overall uncertainty, it is too early to assess the impacts on the Group results. We must, therefore, suspend our 2020 Guidance, as announced on February 20th, until the global situation, dictated by the pandemic outbreak, firms up.
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