The hit to the NAV was somewhat expected based on the statements given by Wendel during the publication of its annual results. Although consolidated sales saw a rather tame 2.9% contraction in Q1, the COVID-19 impact is set to be more severe in Q2. As the lock-down lingers on, it will continue to stifle customer demand for many of the group’s companies.
30 Apr 2020
Q1: COVID-19 takes a 29% bite out of Wendel's NAV
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Q1: COVID-19 takes a 29% bite out of Wendel's NAV
Wendel SE (MF:PAR) | 0 0 1.4% | Mkt Cap: 6,531m
- Published:
30 Apr 2020 -
Author:
Jorge Velandia -
Pages:
3
The hit to the NAV was somewhat expected based on the statements given by Wendel during the publication of its annual results. Although consolidated sales saw a rather tame 2.9% contraction in Q1, the COVID-19 impact is set to be more severe in Q2. As the lock-down lingers on, it will continue to stifle customer demand for many of the group’s companies.