Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BRIEF-Wanda Sports Group Says Novel Coronavirus Could Have Material Adverse Impact On Business, Results Of Operations, Financial Condition, Cash Flows/Liquidity

Published 03/07/2020, 01:05 AM
Updated 03/07/2020, 01:08 AM
BRIEF-Wanda Sports Group Says Novel Coronavirus Could Have Material Adverse Impact On Business, Results Of Operations, Financial Condition, Cash Flows/Liquidity
WSG
-

March 6 (Reuters) - Wanda Sports Group Co Ltd WSG.O :
* WANDA SPORTS GROUP - NOVEL CORONAVIRUS COULD HAVE MATERIAL
ADVERSE IMPACT ON BUSINESS, RESULTS OF OPERATIONS, FINANCIAL
CONDITION, CASH FLOWS/LIQUIDITY
* WANDA SPORTS GROUP - WITH RESPECT TO MASS PARTICIPATION
EVENTS,
HAD TO CANCEL/POSTPONE EVENTS IN CHINA, TAIWAN & PHILIPPINES DUE
TO CORONAVIRUS IMPACT
* WANDA SPORTS GROUP CO - EXPECT, BASED ON CURRENT
TRAJECTORY OF
SPREAD OF CORONAVIRUS, TO HAVE TO CANCEL OTHER MASS
PARTICIPATION EVENTS
* WANDA SPORTS GROUP CO - TO DATE, HAVE SEEN IN Q1 2020
REGISTRATIONS FOR MASS PARTICIPATIONS SPORTS EVENTS IN CHINA &
SURROUNDING REGION DECLINE
* WANDA SPORTS - NOT YET DETERMINED IF CO WILL TAKE
ADVANTAGE OF
RELIEF AVAILABLE UNDER SEC ORDER WHICH PERMITS CO TO EXTEND DUE
DATE FOR 2019 ANNUAL REPORT
* WANDA SPORTS GROUP - IF SPREAD OF CORONAVIRUS CONTINUES,
EXPECT
TO SEE REGISTRATIONS FOR MASS PARTICIPATION SPORTS EVENTS DROP
FURTHER IN Q2 2020
* WANDA SPORTS GROUP - MASS PARTICIPATION SPORTS EVENTS NOT
CANCELLED/POSTPONED MAY EXPERIENCE REDUCED RATES OF ATHLETE AND
FAN ATTENDANCE
* WANDA SPORTS - DECLINING REGISTRATIONS FOR MASS
PARTICIPATION
EVENTS IN Q2 COULD HAVE MATERIAL ADVERSE EFFECT ON OPERATIONS IN
MASS PARTICIPATION SEGMENT
* WANDA SPORTS - EVENT CANCELLATIONS CAN BE EXPECTED TO HAVE
AN
ADVERSE IMPACT ON OUR RESULTS OF OPERATIONS IN OUR SPECTATOR
SPORTS AND DPSS SEGMENTS
* WANDA SPORTS GROUP CO - CURRENTLY RESTRICT ABILITY OF
EMPLOYEES
TO TRAVEL TO/FROM CERTAIN COUNTRIES AND THESE RESTRICTIONS MAY
EXPAND
* WANDA SPORTS - IN SPECTATOR SPORTS & DPSS SEGMENTS, MAY
SEE
REVENUE DECREASE FOR SPORTS EVENTS TO WHICH CO HOLDS COMMERCIAL
RIGHTS/WHICH CO ORGANIZES

Source text:
Further company coverage: WSG.O

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.