Legal basis: art. 17 para 1 MAR – confidential information
In connection with the recommendations of the European Securities and Markets Authority and the Polish Financial Supervision Authority, the Management Board of Quantum software S.A. hereby informs about the possible impact of the SARS-CoV-2 coronavirus spread on the operations and financial results of the Issuer and the Quantum Group.
The management boards of the Group companies have implemented safety, health and hygiene recommendations recommended by the Chief Sanitary Inspectorate and other state institutions. Business travel was suspended, direct contacts between employees were limited, and the remote work mode was implemented on the maximum possible scale. Remote communication methods are also used in cooperation with clients.
The activities of the Quantum Group are diversified in terms of industry. The high share of the food and pharmaceutical industries and related distributors is a factor that stabilizes the Group’s fixed income. However, a significant decrease in the income of entities operating in other industries and – as a consequence – the risk of suspending or severely limiting projects and works for such clients should be taken into account. The impact of this phenomenon on the results of the Group companies is currently very difficult to predict.
In the coming periods, the financial results of the Group companies will also depend on other decisive factors whose impact is currently difficult to estimate. These will include: epidemic duration, administrative restrictions, restrictions imposed on entrepreneurs and exchange rate fluctuations.
The Issuer’s Management Board and management boards of subsidiaries monitor the developments in the countries in which they operate on an ongoing basis and undertake intensive work to adapt to changing operating conditions.
The Company will inform about significant changes in the situation through current reports.