Elis: to update 2020 targets considering COVID-19
(CercleFinance.com) - The industrial cleaning group Elis announced on Tuesday evening that the current health crisis will hit its H1 2020 financial results.
In addition, the company will review its 2020 annual targets, providing new ones as soon as it has enough visibility. The Group is convinced that it can limit the impact on EBITDA and reduce Capex. For each euro of revenue lost, EBITDA will be impacted by around 50 cents, with 20 cents set to be saved on capex, it said.
In particular, the group announced the temporary closure of around thirty facilities, including 16 in France and 10 in Spain.
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