Vinci: fall in H1 net attributable income
(CercleFinance.com) - Vinci has published a net attributable loss of 294 million for the first six months of 2020, compared with a profit of 1,359 million euros in H1 2019, and Operating income from ordinary activities (Ebit) that is down 9.
1 points to 1.4% of sales.
Consolidated revenue fell by 14.9% on an actual basis to 18.5 billion euros (-17% LFL, with a 32% fall in the concession division and an 11% drop in the contracting division.
Vinci believes that its results will fall in H2 2020 y-o-y: "However, that decline, barring exceptional items, should be much less pronounced than that seen in the first half of 2020".
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