Published: 2020-03-19 15:12:06 CET
Sakret Holdings
Company Announcement

On the impact of coronavirus (COVID-19) on the activities of AS SAKRET HOLDINGS

Due to the state of emergency in the Baltic States and the activities and recommendations of the responsible services to limit the spread of coronavirus (Covid-19), AS SAKRET HOLDINGS provides list of precautionary and organizational measures to reduce the potential risks associated with the spread of Covid-19 and the Company's daily activities.

As usual, the Company ensures the production of the necessary product groups, fulfilment of orders and delivery to its customers and cooperation partners, fully satisfying the market demand.

The employees of the company, whose work specifics allow it, work remotely, but the production employees and other responsible specialists are shifted, thus limiting communication. A risk management team has been set up to monitor the situation on a day-to-day basis and is responsible for gathering up-to-date information and implementing additional requirements. All foreign missions and business trips have been cancelled.

The research process is made and communication with suppliers continues about the risks involved in raw materials supply. No problems have been identified in the supply of strategically important raw materials.

Taking into account the uncertainty about the continued spread and duration of the coronavirus (Covid-19) and future preventive decisions taken by the responsible services in all Baltic States to limit the spread, the Company is not in a position to evaluate its long-term financial impact.

         A.Ziedonis
         Member of the Board
         mob. + 371 28459577