Douglas GmbH: Douglas store trading suspended in most European markets due to COVID-19

Douglas GmbH (IRSH) 
Douglas store trading suspended in most European markets due to COVID-19 
 
17-March-2020 / 19:34 CET/CEST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
*Ad-hoc Release 
Douglas store trading suspended in most European markets due to COVID-19* 
 
Against the background of the ongoing spread of the corona virus, Douglas 
has, in accordance with the requirements of national governments and 
regional authorities, suspended trading in stores in most European markets. 
The duration of these measures depends on the respective national and 
regional regulations. Mail order business and e-commerce of the Douglas 
omnichannel offering are currently not affected and can be used by customers 
as usual. 
 
In evaluating public safety, Douglas generally bases its decisions on the 
risk assessments and requirements of national and local authorities. At the 
moment, there is no reliable information on the necessity of possible 
further interventions in operating activities. Douglas is carefully 
monitoring the developments and is in close contact with the relevant 
authorities in this rapidly changing environment. 
 
At this time, the economic impact on Douglas cannot yet be quantified. 
Douglas has robust cash reserves. Management has initiated extensive 
operational cost measures to mitigate the impact on earnings. The focused 
continuation of the e-commerce business is helping to cushion part of the 
impact of the suspended store trading. At the same time, Douglas is 
considering participation in the announced national and regional aid 
programs for affected businesses until normal business operations can be 
resumed. 
 
ISIN:           XS1251078009, XS1251077373 
Category Code:  MSCH 
TIDM:           IRSH 
LEI Code:       5299009RL189JFHRYU70 
OAM Categories: 2.2. Inside information 
Sequence No.:   53019 
EQS News ID:    1000029 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

March 17, 2020 14:34 ET (18:34 GMT)