O-i glass expects q1 results in-line with guidance

Expect q1 results in-line with guidance range.shipment and production levels did decline in several markets in late march reflecting impact of covid-19.have temporarily curtailed some capacity.due to rapidly changing market conditions related to covid-19 co is withdrawing its full year 2020 guidance.majority of plants are operating with minimal interruption.benefited from improved price and mix as well as its cost transformation initiatives in q1.demand did decline from prior year levels by approximately 7 percent during last two weeks of march.total committed liquidity at end of q1 2020 was strong & approximated $1.7 billion including nearly $900 million cash-on-hand.total sales volume for q1 2020 (in tons) was down 0.8% from same period last year & compared to original guidance of flat to up 2%.some capacity has been curtailed primarily in europe & latin america given market, work force disruptions from covid-19.situation remains fluid and co anticipates further capacity adjustments are likely over next several weeks.cash flows from operating activities in q1 2020 compared favorably with prior year period.
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