K3 Business Technology Group plc Provides Earnings Guidance for the Year Ended 30 November 2019; Withdraws Earnings Guidance for the Year Ending 30 November 2020
Whilst the Board was encouraged by the Company's trading prospects at the start of the current financial year, the unprecedented events now being experienced due to the Coronavirus outbreak, which has resulted in contract delays and deferrals, make it difficult to forecast revenues for the year to 30 November 2020. The Board is therefore withdrawing current guidance until normal operations resume globally. It will provide a further trading update following the close of K3's half year trading period ending 31 May 2020.