Affected by volumes which were lower than their long-term average and weak commodity prices for the upstream division, the group published a disappointing set of FY20 figures. Although the group’s efforts on its cost structure are notable, we maintain a cautious view on inventory due to the economic uncertainty that could erode cash generation (due to an increase in working capital requirements, among other things).
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FY20 - a weak set of figures
Centrica plc (CNA:LON) | 131 1.2 0.7% | Mkt Cap: 7,016m
- Published:
26 Feb 2021 -
Author:
Auguste DERYCKX LIENART | Nicolas Bouthors -
Pages:
2
Affected by volumes which were lower than their long-term average and weak commodity prices for the upstream division, the group published a disappointing set of FY20 figures. Although the group’s efforts on its cost structure are notable, we maintain a cautious view on inventory due to the economic uncertainty that could erode cash generation (due to an increase in working capital requirements, among other things).