Getlink has published its H1 20 results, with EBITDA below our expectations and net income in negative territory. However, it has managed to have good liquidity with positive FCF, the DSCR ratio in a safe spot, and no significant debt service obligations until late 2021. The group has provided an outlook of €350m for EBITDA in 2020 and scrapped its 2022 objectives.
24 Jul 2020
H1 20: disappointing margins but impressive liquidity
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H1 20: disappointing margins but impressive liquidity
Getlink SE (GET:WBO) | 0 0 1.0% | Mkt Cap: 5,970m
- Published:
24 Jul 2020 -
Author:
Sejal Varshney - Pages:
Getlink has published its H1 20 results, with EBITDA below our expectations and net income in negative territory. However, it has managed to have good liquidity with positive FCF, the DSCR ratio in a safe spot, and no significant debt service obligations until late 2021. The group has provided an outlook of €350m for EBITDA in 2020 and scrapped its 2022 objectives.