Elecnor progressed well in Q3 FY19. Both the top-line and profitability improved, but the business exposure outside Spain continued to decline. However, the dominance of international orders in the company’s backlog suggests the mix should improve next year. For FY19, management has reiterated its outlook of growth in sales and net profit on a yoy basis.
18 Nov 2019
Strong Q3; full-year outlook maintained
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Strong Q3; full-year outlook maintained
Elecnor S.A. (0K97:LON) | 0 0 2.0% | Mkt Cap: 1,131m
- Published:
18 Nov 2019 -
Author:
Mohit Rathi -
Pages:
2
Elecnor progressed well in Q3 FY19. Both the top-line and profitability improved, but the business exposure outside Spain continued to decline. However, the dominance of international orders in the company’s backlog suggests the mix should improve next year. For FY19, management has reiterated its outlook of growth in sales and net profit on a yoy basis.