Statement on the impact of Coronavirus (COVID-19)

In light of the latest developments concerning the global spread of COVID-19 (Coronavirus), Picanol would like to inform its stakeholders that it is monitoring the information from the World Health Organization (WHO) and local authorities.

Based on the recommendations from the WHO and the relevant local authorities, Picanol has already taken some specific health and safety initiatives in order to protect its employees and others from the disease, which include precautionary measures for all its employees, specific travel guidelines, and safety measures at its sites.

Additionally, we are monitoring our supply chain closely and are in constant contact with our partners to understand any potential impact, so that we can evaluate whether to make any adjustments to operations.

We are doing our best to manage the situation taking into account the recommendations of the WHO and the relevant local authorities.