Update on the impact from COVID-19 on the Concentric Group
The consequences of the COVID-19 outbreak are affecting Concentric because the industries and regions in which the business operates are being impacted by initiatives by authorities and customers related to the spread of the virus. As a result, Concentric is reacting quickly to limit the impact by closing some sites, reducing costs and the number of employees, but there remains a considerable risk of a material financial impact on the Concentric Group after the end of March. With the high levels of uncertainty surrounding the situation and potential future initiatives by authorities