Update on the Impact of the COVID-19 Outbreak
24 Mars 2020 - 8:40PM
Business Wire
ENGIE EPS Is Allowed to Continue Its
Activities, as Operating in Sectors Considered as “Essential
Industries”
Regulatory News:
Following the publication of the latest measures announced by
the Italian Government with effect from 23 March for the
containment of the COVID-19 outbreak and in order to widely
lockdown industrial and production activities in Italy, ENGIE EPS
(Paris:EPS) communicates that:
- ENGIE EPS is allowed to continue its activities as it is deemed
operating in sectors considered as “essential industries” such as
Electrical Systems and Research & Development.
- Since the first confinement measures in Italy on 24 February,
the Company’s industrial premises have remained fully operational,
but have limited their activities to the sole projects that are
essential to ensure business continuity. Meanwhile, ENGIE EPS
implemented a smart working plan enabling all office-based
employees to work from home.
- The first priority of ENGIE EPS remains the health of our
employees and their families, therefore across all facilities, even
with zero reported cases of contagion, the Company is implementing
extraordinary cleaning and sanitization procedures.
- Operations at Company’s plants are regulated by protocols
complying with the national and regional regulations as well as
with World Health Organization recommendations.
- ENGIE EPS is supporting its main Italian suppliers so that they
can qualify as functional to the continuity of industrial supply
chain, in accordance with the latest regulations, in order to
minimize potential interruptions.
However, in view of a probable decrease in the workload due to
the impact of the latest lockdowns and global restrictions, as well
on the overall Italian economic and industrial system, ENGIE EPS
will assess the wider use of the extraordinary social safety nets
and support measures announced by the Italian Government.
In any case, ENGIE EPS is confident of its ability to go through
this difficult period, thanks to the solid financial situation in
terms of available cash and approved credit lines, the constant
support of the ENGIE Group, and the sustainability measures that
have been announced by the Italian Government and the European
institutions.
About ENGIE EPS
ENGIE EPS is an industrial player within the ENGIE group that
develops technologies to revolutionize the paradigm shift in the
global energy system towards renewable energy sources and electric
mobility. Listed on Euronext Paris (EPS:FP), ENGIE EPS is listed in
the CAC® Mid & Small and the CAC® All-Tradable financial
indices. Its registered office is in Paris and conducts its
research, development and manufacturing in Italy.
For more information: www.engie-eps.com
About ENGIE
Our Group is a global reference in low-carbon energy and
services. In response to the urgency of climate change, our
ambition is to become the world leader in the zero-carbon
transition "as a service" for our customers, in particular global
companies and local authorities. We rely on our key activities
(renewable energy, gas, services) to offer competitive turnkey
solutions.
With our 170,000 employees, our customers, partners and
stakeholders, we are a community of Imaginative Builders, committed
every day to more harmonious progress.
Turnover in 2019: EUR 60.1 billion. The Group is listed on the
Paris and Brussels stock exchanges (ENGI) and is represented in the
main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100,
FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI
World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone
120, Europe 120, France 20, CAC 40 Governance).
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