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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

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

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