Plant Health Care plc Provides Revenue Guidance for 2020; Revises Sales Guidance for the Year 2021
The Board's "severe downside" forecast is based on sales that are further constrained in Mexico and Europe for the rest of 2020. Sales in the USA are not affected. Sales to Brazil fall to 25%, compared with earlier forecast. In addition to the impact of reduced sales, it assumes that $1.0 million in Accounts Receivable due in 2020 will not be collected until 2021. In this scenario, sales projections in 2021 are lower than previously forecast.