A weak end to Q1 FY20 for Elecnor, as the top-line slipped into negative territory, impacted by the COVID-19 outbreak. We expect the next quarter to be more challenging, as numerous countries adopt containment measures. The (over) diversified group, however, seems to have sufficient funds (cash + credit lines) in place to navigate through the crisis.
11 May 2020
Soft start to the year
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Soft start to the year
Elecnor S.A. (0K97:LON) | 0 0 2.0% | Mkt Cap: 1,131m
- Published:
11 May 2020 -
Author:
Mohit Rathi -
Pages:
3
A weak end to Q1 FY20 for Elecnor, as the top-line slipped into negative territory, impacted by the COVID-19 outbreak. We expect the next quarter to be more challenging, as numerous countries adopt containment measures. The (over) diversified group, however, seems to have sufficient funds (cash + credit lines) in place to navigate through the crisis.