Heijmans: "Starting the year on the right foot" - KBC

Koninklijke Heijmans NV

08/05/2020 08:25

** Shares in Heijmans  HEIJ.AS  rise 4.3% as the Dutch
construction company reports higher y/y Q1 results with a
limited impact of COVID-19 
    ** The company does not provide quantitative update but says
revenue and result in Q1 were higher than in the same period of
2019, while the order book remains at a "healthy" level of EUR
2.0 bln ($2.2 bln)  urn:newsml:reuters.com:*:nFWN2CQ08G
    ** "Starting the year on the right foot," KBC Securities
says, adding "the (lockdown-related) damage for 2020 seems to be
more limited than expected"
    ** The brokerage sees this update as supportive, but keeps
"accumulate" rating due to the unchanged uncertainty over 2021
outlook


($1 = 0.9230 euros)

 ((piotr.lipinski@tr.com))