Getlink announced 2020 bottom-line figures below our expectations. It saw a sharp decline in traffic, with the drop in truck shuttle traffic less profound than others due to the robust demand for essential goods and Brexit-driven stockpiling. It has delivered €40m in cost-savings and has introduced a split in the functions of the CEO and the Chairman.
The group has provided no outlook for FY21 and has proposed a dividend payment of €0.05/share.
01 Mar 2021
FY20: blurred outlook for 2021
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FY20: blurred outlook for 2021
- Published:
01 Mar 2021 -
Author:
Sejal Varshney -
Pages:
3
Getlink announced 2020 bottom-line figures below our expectations. It saw a sharp decline in traffic, with the drop in truck shuttle traffic less profound than others due to the robust demand for essential goods and Brexit-driven stockpiling. It has delivered €40m in cost-savings and has introduced a split in the functions of the CEO and the Chairman.
The group has provided no outlook for FY21 and has proposed a dividend payment of €0.05/share.