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    SSI   PHY8135V1053

SSI GROUP, INC.

(SSI)
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SSI Group, Inc. to Temporary Close Brick and Mortar Stores in Metro Manila

03/15/2020 | 08:21pm EDT

SSI Group, Inc. announced that following the issuance of a resolution by the Metro Manila Development Authority on March 14, 2020, urging a temporary closure of Metro Manila shopping malls and in line with Local Government Unit directives regarding temporary mall closures announced on March 15, 2020, SSI's brick and mortar stores in Metro Manila will be temporarily closed, with most of the closures occurring on March 16, 2020. The temporary closure of the Group's stores will impact the Group's ability to generate revenues over the short term. This impact is mitigated by the Group's performance through 2019 and in January and February 2020. As such, the Group is in a strong financial position, with sufficient resources to support operations while the company's brick and mortar stores are unable to operate. The Group has further mitigated the impact of temporary closures by reducing inventory purchases, with initiatives put in place in late January, and with new capex projects put on hold at the beginning of February. The Group has also triggered its business continuity protocols, which include, among others, alternative working arrangements for employees, support for employees in need of healthcare advice, reductions of face to face meetings, and enhanced warehouse screening procedures, in order to ensure continuity of operations. The temporary closure of stores also aids the Group in business continuity protocols by minimizing the health risks faced by the company's customers and store level employees.


ę S&P Capital IQ 2020
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Financials
Sales 2021 15 024 M 296 M 296 M
Net income 2021 45,3 M 0,89 M 0,89 M
Net Debt 2021 4 079 M 80,4 M 80,4 M
P/E ratio 2021 -27,5x
Yield 2021 -
Capitalization 4 057 M 79,9 M 80,0 M
EV / Sales 2021 0,54x
EV / Sales 2022 0,41x
Nbr of Employees 4 854
Free-Float 30,7%
Chart SSI GROUP, INC.
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SSI Group, Inc. Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 1,23 PHP
Average target price 2,10 PHP
Spread / Average Target 70,6%
EPS Revisions
Managers and Directors
Zenaida R. Tantoco Chairman & Chief Executive Officer
Anthony T. Huang President & Director
Rossellina J. Escoto Vice President-Finance
Margarita A. Atienza VP-Investor Relations & Corporate Planning
Carlo Lopez Katigbak Independent Director
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