Continuing the trend from 2019, Vinci saw a good start to the year, until the activities were drastically hit by the lockdown, especially in France. While the contracting activities have started regaining momentum gradually, the concessions will be hit for a long time. Q1 results were in line with our expectations but we are revising our Q2 and Q3 projections downwards.
28 Apr 2020
Good start to Q1 but tough year ahead
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Good start to Q1 but tough year ahead
VINCI SA (DG:WBO) | 0 0 1.1% | Mkt Cap: 49,071m
- Published:
28 Apr 2020 -
Author:
Sejal Varshney -
Pages:
3
Continuing the trend from 2019, Vinci saw a good start to the year, until the activities were drastically hit by the lockdown, especially in France. While the contracting activities have started regaining momentum gradually, the concessions will be hit for a long time. Q1 results were in line with our expectations but we are revising our Q2 and Q3 projections downwards.