Valmec Limited announced that due to the uncertainty around the spread of COVID-19 globally and the subsequent measures taken by governments globally to mitigate, customer delays in both execution of current order book and commencement of new contracts, are being experienced by Valmec. As a direct consequence, the company announces that it is now withdrawing its full year 2020 guidance originally issued on 11 September 2019. At that time, the Company expected full year 2020 revenues of circa $130 million to $140 million and EBITDA of $9.1 million to $10.1 million.