Business Context and Reporting Period
This Form 6-K filing by Intercorp Financial Services Inc. (IFS) was submitted on April 13, 2020. The report addresses a material event concerning the company's forward-looking statements in response to the evolving global economic impact of the COVID-19 outbreak.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document serves solely as a notification regarding the withdrawal of financial guidance rather than a report of financial results.
Material Changes
The primary material change reported is the unanimous decision by the Board of Directors, effective immediately, to withdraw all previously issued guidance for the 2020 fiscal year. This action was taken due to the uncertainty surrounding the macroeconomic environment caused by the pandemic.
Guidance, Outlook, and Risks
- Guidance Withdrawal: IFS has withdrawn its 2020 guidance.
- Future Outlook: Management will not issue new guidance until they determine there is sufficient clarity regarding the impact of the crisis on the macroeconomic environment and the assumptions underlying such guidance.
- Risks: The filing highlights the significant uncertainty posed by the COVID-19 outbreak as the primary risk factor affecting the company's ability to forecast performance.
Key Facts for Investor Verification
- Verify the date of the Board of Directors' session (April 13, 2020) confirming the withdrawal of 2020 guidance.
- Confirm that no new guidance will be issued until management assesses the macroeconomic clarity.
- Note that this filing does not contain updated financial results or revised forecasts.