RUBBER & SILICONE MOULDING > CORONA VIRUS > COVID-19 - ECONOMIC information N°9

GROUPE SERIFOS - direction, 2020-04-22

We will send you an "ECONOMIC" point on the situation, wishing to communicate in detail and as close as possible to the 'special' events that are experienced:
- in France our activities are of course impacted by closures (customers, schools, confinement, points of sale ...) and by the general climate;
- in Romania our activities are mainly impacted by the closures of French customers;
- the slowdown is clear for our automotive markets; activities for various industries (electrical engineering, hydraulics, automation ... ) remain at a high level; activities for the medical sector are clearly on the rise;
- in France, short-time working measures have been implemented for part of the staff;
- in France and Romania, our priority investments (linked to recent contracts concluded) are maintained; our strict management limits our expenditure to the strict minimum;
- we have no cash flow problems in the short and medium term.
- the group nevertheless intends to study


 

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