In FY19, Elecnor recorded growth in both its revenue and profits. Although, the group deviated from its target of reducing exposure to its home country, Spain, the international-heavy order-book suggests a reversal is likely in FY20. However, we expect the overall financial performance in FY20 to be subdued, amidst the COVID-19 pandemic.
06 Apr 2020
A challenging year ahead
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A challenging year ahead
Elecnor S.A. (0K97:LON) | 0 0 2.0% | Mkt Cap: 1,131m
- Published:
06 Apr 2020 -
Author:
Mohit Rathi -
Pages:
3
In FY19, Elecnor recorded growth in both its revenue and profits. Although, the group deviated from its target of reducing exposure to its home country, Spain, the international-heavy order-book suggests a reversal is likely in FY20. However, we expect the overall financial performance in FY20 to be subdued, amidst the COVID-19 pandemic.