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    Hansen Technologies Limited (ASX: HSN) (“Hansen” or “the Company”) today provides a further update
    to our 3 April 2020 announcement to keep the market as well informed as possible during this
    unprecedented time.
    Hansen’s top priority during this COVID-19 pandemic continues to be the health and wellbeing of our staff
    and customers. The vast majority of all Hansen employees remain working remotely servicing our more
    than 550 customers globally.
    Within a backdrop of Global uncertainty, with our customers providing essential services to the
    Telecommunications and Utility sectors we do not envisage a decisive downturn to their current
    operations. Looking forward we remain mindful that many factors remain outside of our collective control.
    During this time Hansen has accelerated several initiatives resulting in the elimination of certain layers of
    management and the optimisation of our global teams including the acceleration of the Sigma integration.
    With travel restrictions remaining in place for the foreseeable future we have reverted to a regional
    management structure to ensure our customers receive the best support possible while operating in the
    current environment.
    Our Performance for FY20
    Considering the ongoing environment and the initiatives outlined above Hansen is providing the following
    update to earnings guidance for FY20.
    • Operating Revenues of between $298 and $300m
    • EBITDA (excluding the impact of IFRS16 and restructuring costs) of between $75 and $76m.
    Hansen continues to work with its Global customers as we face the ever-changing environment created by
    the Covid-19 pandemic.
    This announcement has been authorised for release by the Hansen Board.

    courtesy of Bell Direct
    ===================================================================

    DYOR

    i hold HSN (' free-carried ' )

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