Empresaria’s trading update is very encouraging. It confirms the Group delivered improved YoY operating profit in each of the first three months and was still profitable in April, despite net fee income reducing by 5% YoY in Q1 and by 30% YoY in April. This is a result of the quick actions taken by management in order to mitigate the impact of COVID19. Whilst significant uncertainty remains, the Group is diversified across both sectors and geographies, and the balance sheet has signific
26 May 2020
Strong YTD trading, with profitability maintained and net debt reduced
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong YTD trading, with profitability maintained and net debt reduced
Empresaria Group plc (EMR:LON) | 36.5 0 0.0% | Mkt Cap: 18.2m
- Published:
26 May 2020 -
Author:
Greg Poulton -
Pages:
4
Empresaria’s trading update is very encouraging. It confirms the Group delivered improved YoY operating profit in each of the first three months and was still profitable in April, despite net fee income reducing by 5% YoY in Q1 and by 30% YoY in April. This is a result of the quick actions taken by management in order to mitigate the impact of COVID19. Whilst significant uncertainty remains, the Group is diversified across both sectors and geographies, and the balance sheet has signific