The market reacted negatively to NHH’s harder hit Q1 results and its plan for a rights issue in H2, despite a comfortable liquidity profile for the short term and the accelerated restoration of EBITDA. The group’s significant exposure to the still highly-constrained European market would be a concern, but its low dependence on international and B2B passengers could help once travel restrictions in Europe loosen.
13 May 2021
Harder hit Q1, capital structure set to be strengthened
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Harder hit Q1, capital structure set to be strengthened
- Published:
13 May 2021 -
Author:
Yi Zhong -
Pages:
3
The market reacted negatively to NHH’s harder hit Q1 results and its plan for a rights issue in H2, despite a comfortable liquidity profile for the short term and the accelerated restoration of EBITDA. The group’s significant exposure to the still highly-constrained European market would be a concern, but its low dependence on international and B2B passengers could help once travel restrictions in Europe loosen.