TIRE COMPANY DEBICA S.A. DEBICA | RB 26/2019 |
POLISH FINANCIAL SUPERVISION AUTHORITY
Current Report No 26/2019
Date: September 25, 2019
Abbreviated name of issuer:
DEBICA
Subject:Production limitation in Q4 2019
Legal grounds:
Art. 17 item 1 MAR - confidential information
Report content:
Management Board of Tire Company Dębica S.A. (hereinafter referred to as "the Company") announces that it has decided to limit production in fourth quarter of 2019. The Management Board's decision was made as a result of obtaining from the Company's key export customer Goodyear, a reduction in orders for Company-produced tires in the fourth quarter of this year.
As a result of the above mentioned production limitation, the forecasted production in 2019 will be lowered by 3.42% for passenger car tires and 1.82% for truck tires, as compared to production plans for 2019.
A reduction in tire production in the fourth quarter of 2019 may have a negative impact on financial performance of the Company.
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Firma Oponiarska Debica SA published this content on 10 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2019 14:45:02 UTC
