Adairs Ltd (ASX:ADH)

A$ 1.91 -0.005 (-0.26%) Market Cap: 334.52 Mil Enterprise Value: 588.34 Mil PE Ratio: 9.83 PB Ratio: 1.54 GF Score: 89/100

Adairs Limited - Special Call Transcript

Mar 19, 2020 / NTS GMT

Release Date Price: A$0.67 (-27.57%)

Transcript

Operator

Thank you for standing by. And welcome to the Adairs Limited Update on Coronavirus Impact Conference Call. (Operator Instructions) I would now like to hand the conference over to Mr. Mark Ronan, Managing Director and CEO. Please go ahead.

Mark Ronan

Adairs Limited - MD, CEO & Executive Director

Good morning, everyone. I'll read a brief statement in support of our ASX release this morning and then open the line up for questions. Adairs yesterday announced that given the ongoing uncertainty of the duration and impact of the COVID-19 pandemic, the company considers it appropriate to withdraw its FY '20 earnings guidance and has decided not to proceed with the interim dividend.

The management team has initiated measures across the entire business to firstly attempt to protect the health of our team and customers by reducing potential exposure to and managing potential cases of COVID-19. And secondly, to implement various measures and operational changes designed to position the company to endure the expected adverse impact of COVID-19. Until as late as

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