EQS-Adhoc
PAION AG cancelled guidance for financial year 2023
- PAION AG cancels guidance for financial year 2023.
- The cancellation is due to the applications filed for insolvency proceedings.
- A new forecast cannot be issued due to the uncertain further development.
EQS-Ad-hoc: PAION AG / Key word(s): Change in Forecast PAION AG cancelled guidance for financial year 2023 |
Aachen (Germany), 24 November 2023 - The specialty pharma company PAION AG (ISIN DE000A3E5EG5; Frankfurt Stock Exchange, PA8) announces that against the background of the applications filed for the opening of insolvency proceedings, the forecast for the current financial year 2023 previously issued on 17 May 2023 in connection with the publication of the annual financial report can no longer be maintained and is therefore canceled. Due to the preliminary insolvency proceedings and the unforeseeable further development, it is also currently not possible to issue a new forecast.
End of Inside Information
Information and Explanation of the Issuer to this announcement:
Contact
Ralf Penner
SVP Investor Relations & Corporate Communications
PAION AG
Heussstrasse 25
52078 Aachen – Germany
Phone +49 241 4453-152
E-mail r.penner@paion.com
www.paion.com
Disclaimer:
This release contains certain forward-looking statements concerning the future business of PAION AG. These forward-looking statements contained herein are based on the current expectations, estimates and projections of PAION AG’s management as of the date of this release. They are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors. Should actual conditions differ from PAION AG's assumptions, actual results and actions may differ materially from any future results and developments expressed or implied by such forward-looking statements. Considering the risks, uncertainties and other factors involved, recipients should not rely unreasonably upon these forward-looking statements. PAION AG has no obligation to periodically update any such forward-looking statements to reflect future events or developments.
24-Nov-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: | English |
Company: | PAION AG |
Heussstraße 25 | |
52078 Aachen | |
Germany | |
Phone: | +49 (0)241-4453-0 |
Fax: | +49 (0)241-4453-100 |
E-mail: | info@paion.com |
Internet: | www.paion.com |
ISIN: | DE000A3E5EG5 |
WKN: | A3E5EG |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
EQS News ID: | 1781615 |
End of Announcement | EQS News Service |
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1781615 24-Nov-2023 CET/CEST