Brief: CFE Q1 Revenue Down At 760.9 Million Euros

Compagnie dentreprises CFE SA

20/05/2020 06:15

May 20 (Reuters) - Aannemingsmaatschappij Cfe NV  CFEB.BR :
    * QUARTERLY INFORMATION AT 31 MARCH 2020
    * AS OF 31 MARCH 2020, THE CFE GROUP HAD A TOTAL CASH
POSITION OF
€ 586 MILLION
    * MAJOR IMPACT OF THE PUBLIC HEALTH CRISIS ON REVENUE, CASH
FLOW
AND RESULTS OF DEME AND CFE CONTRACTING IN 2020
    * END-MARCH TOTAL ORDER BOOK EUR 4.73 BILLION
    * Q1 REVENUE EUR 760.9 MILLION VERSUS EUR 838.4 MILLION YEAR
AGO
    * COVID-19: DEME EXPECTS DECREASE IN REVENUE IN 2020, NET
RESULT
SHOULD HOWEVER BE POSITIVE
    * END-MARCH NET FINANCIAL DEBT EUR 850.4 MILLION VERSUS EUR
798.1
MILLION AT END-DEC
    * CFE CONTRACTING WILL REPORT IN 2020 A DECREASE IN REVENUE
COMPARED TO 2019. THE NET RESULT SHOULD BE CLOSE TO BREAK-EVEN
    * ORDER TO START THE CONSTRUCTION OF THE FEHMARNBELT LINK ON
1
JANUARY 2021
    * ON CORONAVIRUS: POSTPONEMENT OF DEME'S PROJECTS IN THE
TENDERING
STAGE, PARTICULARLY IN THE MIDDLE EAST, AFRICA AND ASIA

Source text: https://bit.ly/3bLTKVE
Further company coverage:  CFEB.BR 

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