Vinci: 9m sales down 11.7%
(CercleFinance.com) - Q3 2020 sales came in at 12.
3 billion euros, down 6.4% in real terms (-6.7% at a comparable consolidation scope) compared to Q3 2019.
Consolidated sales at 30 September 2020 reached 30.8 billion euros, down 11.7% on a real basis compared to the first 9 months of the previous year (-13.2% in organic terms).
"In the circumstances, the Group's earnings are likely to show a year-on-year decline in the second half of 2020. However, that decline, barring exceptional items, should be much less pronounced than that seen in the first half of 2020," it said.
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3 billion euros, down 6.4% in real terms (-6.7% at a comparable consolidation scope) compared to Q3 2019.
Consolidated sales at 30 September 2020 reached 30.8 billion euros, down 11.7% on a real basis compared to the first 9 months of the previous year (-13.2% in organic terms).
"In the circumstances, the Group's earnings are likely to show a year-on-year decline in the second half of 2020. However, that decline, barring exceptional items, should be much less pronounced than that seen in the first half of 2020," it said.
Copyright (c) 2020 CercleFinance.com. All rights reserved.