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MarketScreener Homepage  >  Equities  >  Xetra  >  MBH Corporation PLC    M8H   GB00BF1GH114

MBH CORPORATION PLC

(M8H)
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MBH : reacts to COVID-19 global situation

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03/30/2020 | 03:40am EDT

DGAP-Ad-hoc: MBH Corporation Plc / Key word(s): Forecast
MBH Corporation reacts to COVID-19 global situation

30-March-2020 / 09:37 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


MBH Corporation reacts to COVID-19 global situation

London, 30th March 2020 - As a result of the global COVID-19 situation, MBH Corporation plc ("MBH"), based in the UK, announces it will not be issuing a 2020 business performace outlook. MBH will release its 2019 Annual Report as scheduled on the 30th April 2020 and will look to issue guidance later in the year as the situation and its impact becomes clearer.

Due to events related to COVID-19 beyond MBH's control, forecasts for relevant industry sectors within the MBH Group (Construction Services, Education, Engineering, Health and Leisure), for the current financial year will need to be revised.

Due to the developing situation across the globe and the unknown time frame in which this may have an impact, MBH Corporation plc suspends its forecast for 2020, and acknowledges that the results for 2020 are likely to be materially different to market expectations. Like many companies impacted by the COVID-19 situation, negative effects on the sales and earnings situation of the MBH Group are expected for the current financial year.

The companies within MBH are leveraging government financial support schemes where appropriate and have formed a 'COVID-19 Committee' to coordinate activities and best practices across the group. MBH's acquisition strategy still remains a focus in their growth plan for 2020, with the most recent acquisition of Robinsons Caravans announced on 16th March 2020.

Contacts for IR and media enquiries:

MBH Corporation plc, Charlotte Williams, charlotte@unity-group.com, +44 (0)770 396 3953
Kirchhoff Consult AG, Nicole Schüttforth, nicole.schuettforth@kirchhoff.de, +49 (0)40 609186 64


Information and Explanation of the Issuer to this News:

About MBH

MBH Corporation plc is a diversified investment holding company, listed on the Frankfurt and Dusseldorf Stock Exchanges. The company acquires small to medium enterprises across multiple geographies and sectors that are well established, profitable and looking to scale. By leveraging the Agglomeration strategy, MBH Corporation plc is able to create substantial shareholder value through the consistent and accretive acquisition of excellent companies.

www.mbhcorporation.com

 


30-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: MBH Corporation Plc
Studio 7-9, Royal Patriotic Victoria Building, Joh
SW18 3SX London
United Kingdom
E-mail: fo@mbhcorporation.com
Internet: https://www.mbhcorporation.com/
ISIN: GB00BF1GH114
WKN: A2JDGJ
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt
EQS News ID: 1010043

 
End of Announcement DGAP News Service

1010043  30-March-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1010043&application_name=news&site_id=zonebourse

© EQS 2020
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