Nanogate Expects Significant Negative Effects From the Coronavirus Pandemic and Applies for Financial Aid from KfW Promotional Bank

(PresseBox) (Göttelborn, Germany, 19.03.2020)

Nanogate SE, a leading global technology company for design-oriented, multifunctional components and surfaces, is expecting the coronavirus pandemic to have significant negative effects on sales, earnings and liquidity in the 2020 fiscal year. To ensure the continued existence of the Group, Nanogate is applying for financial aid from the promotional bank KfW and is planning considerable cost cutting, including government-subsidized short-time work.

It is not yet possible to assess the full extent of the effects of the coronavirus pandemic on Nanogate’s sales, earnings and liquidity. At the same time, the Management Board assumes that sales and EBITDA in the 2020

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Nanogate Expects Significant Negative Effects From the Coronavirus Pandemic and Applies for Financial Aid from KfW Promotional Bank

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