MHP SE provided earnings guidance for the second quarter of 2020. Although the effects of the COVID-10 pandemic did not have a material impact on First Quarter performance, and the Company's poultry production facilities have been operating at full capacity since the beginning of April, COVID-19 is expected to have an adverse effect on the Company's earnings in second quarter, mainly because of the impact on prices as many global competitors are currently experiencing reduced demand and resulting excess capacity. With its vertical integration, competitive production costs and market diversification, MHP is well positioned to face these present uncertainties and potential turbulence in demand for poultry meat both in Ukraine and export markets. The Company therefore continues to expect another year of strong performance in 2020.