The STEICO Group is providing information on the impact that the corona crisis has already had and also the possible future impact: Production at the French plant will be temporarily suspended with effect from March 19, 2020 due to local restrictions. The plant is initially scheduled to close through to 5 April. Production at the Polish plants, which contribute to more than 90% of the Group's added value, has not been affected to date. Provision has been made for short-term adjustment of production to current conditions. There has been no slump in orders to date on key markets such as Germany and the UK. Activities are being put in place to continue to maintain critical functions such as order acceptance. In France, construction activity has virtually come to a standstill. Customers are being supported by the French sales staff who are working from home. In principle, cross-border goods traffic - and thus the delivery of STEICO products - is possible in Europe. However, in practice this is only possible to a limited extent due to border congestion, tight logistics availability and lockdowns. Major restrictions are noticed in exports to overseas markets, especially in container logistics.

Outlook for 2020 withdrawn: Depending on the type and duration of the activities to contain the corona virus, further negative effects are to be expected. The Board of Directors therefore believes that in 2020 it will not be possible to reach the original outlook with revenue growth of more than 10% and an EBIT ratio around 10% (in terms of total operating revenue). At the present time, the concrete impact of the corona crisis cannot be quantified.