this means that short-time work, the Federal government paid 80 percent of the Wage or salary of the employees. By the end of April, the kiosk operator takes the difference in Pay for the affected employees until the end of April. After that, is open.

As a result of the administrative arrangements, it came to frequency of losses, and closures of sale. The sales are decline “significantly,” said Valora.

Therefore to be brought in measures to reduce the cost base and investment projects has been set up. In addition, the dividend is to be deleted for fiscal year 2019.

In Switzerland, most of the kiosks have> open,

The company is expecting to due to additional regulatory restrictions, as well as disease cases, with further closures and cuts in opening Hours. So far, the retail network had recorded in March year-on-year sales decline of around 10 percent, in the Food-Service network, there are approximately 30 percent less.

No significant restrictions on the B2B business with lye baked goods know. Overall, Valora expects in spite of the good start to the year until the end of February, both for the half-year, as well as the entire year 2020, with a significantly negative effect on the EBIT and net profit.

(SDA/koh)

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