COVID-19 impacts - suspension of objectives

At this time of crisis, it is too soon for us to estimate how all of these impacts will affect our results, which will depend on a whole range of factors including the extent and duration of the pandemic, the preventive and support measures implemented by governments in the countries where we operate, and the eligibility of our staff for temporary lay-off support schemes.

Despite the significant economic fallout from this major crisis, we remain confident in our ability to overcome the present situation. We have a sound financial position, with low debt and access to available bilateral credit facilities. Our activities are sustainable on the long-term, and the current crisis will demonstrate the legitimacy of these businesses. As a consequence, we have to make the logical decision to suspend the objectives we announced in February 2020, until the situation becomes clearer.