Vinci: provides business update
(CercleFinance.com) - Vinci has said that in 2020 its revenues and results will be “very significantly impacted” by the sharp drop in business seen over the lockdown, particularly at airport and motorway concessions.
"Given uncertainty about the return to normal production levels in Contracting and the pace of the recovery in traffic levels at VINCI Autoroutes and VINCI Airports, in a context of economic downturn, it is not yet possible to quantify the impact reliably,” management said.
The Group will review the situation again at the end of July when it publishes its interim financial statements for the six months to 30 June.
However, Vinci has a very high level of liquidity: at the end of May 2020, this stood at almost 19 billion euros.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
"Given uncertainty about the return to normal production levels in Contracting and the pace of the recovery in traffic levels at VINCI Autoroutes and VINCI Airports, in a context of economic downturn, it is not yet possible to quantify the impact reliably,” management said.
The Group will review the situation again at the end of July when it publishes its interim financial statements for the six months to 30 June.
However, Vinci has a very high level of liquidity: at the end of May 2020, this stood at almost 19 billion euros.
Copyright (c) 2020 CercleFinance.com. All rights reserved.