Covid-19 Impact - Assessment of the situation to date
31 Marzo 2020 - 6:02PM
Covid-19 Impact - Assessment of the situation to date
PRESS RELEASE
Paris, March 31, 2020
Covid-19 Impact
Assessment of the situation to date
Generix Group, Industrial, Logistics and
Retail Ecosystems provider with leading Collaborative SaaS
Solutions gives an update on how the Group is coping with the
Covid-19 pandemic.
In the context of the Covid-19 pandemic and the
combat against propagation of the virus, Generix Group is
rigorously following the directives of the World Health
Organization and local governments to ensure the health and safety
of company teams, customers and partners.
The Group has deployed a Continuing Activity
Plan (CPA) and has switched to teleworking at all sites and in all
countries where the company is present. With a majority of
customers in the food retail, fast-moving consumer goods and
logistics sectors, where critical dematerialized and physical flows
are essential in the current context, all Generix Group teams are
mobilized. They will continue to ensure all services and customer
commitments with the same level of safety and operational
efficiency.
After a 7% growth during the first nine months
of the company’s fiscal year, turnover for the end of Q4 on March
31, 2020, will be impacted by the health crisis but will show a
slight increase since embedded and recurrent activity has not been
particularly affected.
However, with a substantial majority of
customers now very occupied with managing the crisis, Generix Group
has noted postponements in signing contracts and a slowdown in
Consulting and Services activity.
The Group has implemented all the measures
required to adapt the load structure, and variable fees have been
lowered. Since the Group has limited expenditures, the slowing of
activity would not call into question the expected EBITDA growth
dynamic for the 2019/2020 fiscal year.
The Group will communicate more detailed
information on April 27, 2020, after the close of the stock market,
with the release of turnover for 2019/2020.
Next financial press release: April 27, 2020
after the market closes
Publication of turnover for the 2019/2020 fiscal
year
About Generix Group
Generix Group is a
Collaborative Supply Chain expert present in 60 countries, thanks
to its subsidiaries and network of partners. More than 6,000
companies around the world use its SaaS solutions. The group’s 550
employees provide daily support for such customers as Carrefour,
Danone, FM Logistic, Fnac-Darty, Essilor, Ferrero and Geodis in the
digital transformation of their Supply Chain.
Its collaborative platform, Generix
Supply Chain Hub, helps companies to keep the promises
they make to their customers. It combines the capabilities to
execute physical flows, digitalize information flows, manage
collaborative processes and connect companies to all their
partners, in real time.
Generix Supply Chain Hub is
aimed at all players in the Supply Chain: manufacturers, third- and
fourth-party logistics providers (3PL/4PL) and retailers.
www.generixgroup.com
Founded in France in 1990, the company is listed on
the Eurolist market of Euronext Paris, compartment C (ISIN:
FR0010501692). To learn more: www.generixgroup.com
Financial Communication Contacts: Generix Group –
Ludovic Luzza – Chief Financial Officer – Tel.: +33 (0)1 77 45 42
80 – lluzza@generixgroup.comCM-CIC Market Solutions –
Stéphanie Stahr – Tel.: +33 (0)1 53 48 80 57 –
stephanie.stahr@cmcic.fr
- EXT-EN-FINA-PR_ Covid19 --2019-2020Vdef