(Alliance News) - Safestore Holdings PLC on Wednesday said it has not seen a "noticeable impact" on its key trading performance as the coronavirus spread continues to hurt the UK economy.
The self storage provider acknowledged uncertainty created by Covid-19 was detrimental to the UK economy and said while its performance was correlated to UK GDP, it pointed to its "track record of resilience" in times of economic strife.
"Following advice from the governments in France and Spain, our stores in Paris and Barcelona are closed or are operating under certain restrictions. We continue to earn revenue in these stores but customer move-ins and move-outs are reduced. To date Safestore has not seen a noticeable impact on its key trading performance indicators," Safestore said.
The FTSE 250 stock closed down 9.7% at 608.94 pence on Wednesday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Safestore (SAFE)