Elecnor’s Q1 FY2021 results came in slightly ahead of our expectations. Revenue grew c.8% yoy thanks to projects in both domestic and international markets. The group’s order backlog increased by c.10% from Q4 FY2020 levels with contract wins across geographies — international operations accounted for c.73% of the backlog mix. Management re-affirmed its outlook for 2021 performance to exceed the 2020 levels, underpinned by the robust order backlog along with the essential and strategic nature of ....
07 May 2021
Robust Q1 performance
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Robust Q1 performance
- Published:
07 May 2021 -
Author:
Vansh Mehta -
Pages:
3
Elecnor’s Q1 FY2021 results came in slightly ahead of our expectations. Revenue grew c.8% yoy thanks to projects in both domestic and international markets. The group’s order backlog increased by c.10% from Q4 FY2020 levels with contract wins across geographies — international operations accounted for c.73% of the backlog mix. Management re-affirmed its outlook for 2021 performance to exceed the 2020 levels, underpinned by the robust order backlog along with the essential and strategic nature of ....