Citation :
At this stage, it is too early to determine the situation’s impact on the contractual obligations of the Group’s retailers and
other partners or to estimate the effect of any case-by-case support measures the Group may decide on. The Group has
started an active dialogue with its tenants on how to address these unprecedented challenges. In addition, URW is
actively reducing non-staff expenses, deferring non-essential capital expenditure and will make use of any relevant
facilities or arrangements provided by the various national authorities to assist companies through the crisis.
However, considering the uncertainty around this rapidly evolving situation and how long the above preventative
measures will need to remain in place, it is not currently possible to estimate the extent of the impact on the Group’s
earnings. In weathering these events URW benefits from a geographically diversified exposure and, if required, has access
to undrawn credit facilities to manage its liquidity needs.
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