Elecnor reported a c.11% yoy decline in Q2 FY20 top-line amidst the COVID-19 related disruption / lockdown restrictions. Order-intake during the period also remained weak. In H2 FY20, management expects a better performance, as its core activities (power generation and transmission, and telecom infrastructure) fall under the essential category and should show some resilience.
31 Jul 2020
H1 FY20 profit declines c.9% yoy
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H1 FY20 profit declines c.9% yoy
Elecnor S.A. (0K97:LON) | 0 0 2.0% | Mkt Cap: 1,131m
- Published:
31 Jul 2020 -
Author:
Mohit Rathi -
Pages:
2
Elecnor reported a c.11% yoy decline in Q2 FY20 top-line amidst the COVID-19 related disruption / lockdown restrictions. Order-intake during the period also remained weak. In H2 FY20, management expects a better performance, as its core activities (power generation and transmission, and telecom infrastructure) fall under the essential category and should show some resilience.