Centrotec SE announced the Corona-virus has developed into a pandemic in Europe and it becomes more and more likely that the coming weeks will show nationwide deteriorations of sales markets, sourcing problems or public restrictions of production that might lead to substantial decline in the business activities of CENTROTEC. Some markets, such as Italy and France are already in steep decline since the beginning of March. Against this background the above mentioned forecast is now subject to serious uncertainties. The financial impact of the crisis, however, cannot be estimated properly at present.

The company announced that in view of the recent developments of the world-wide Corona-Pandemic, the management board and the supervisory board have decided to propose to the Annual General Meeting that the dividend payment for the financial year 2019 shall be suspended.