ADP: posts H1 2020 loss of E543m
(CercleFinance.com) - ADP's H1 2020 consolidated revenues fell 46.
5% to 1,168 million euros, largely due to the CoVid-19 crisis, with a significant impact in particular on aeronautical and commercial activities in Paris, as well as on revenues at TAV Airports and AIG abroad.
EBITDA amounted to 39 million euros, down 725 million euros (-94.9%), in particular following the sharp drop in revenue as well as an impairment of trade receivables representing 63 million euros.
Its underlying operating loss reached -566 million euros, down 1,019 million euros. The group reported a loss of 543 million euros, down 793 million euros.
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