Qantas Airline Half Annual Financial Results For.
Although heavy vehicle traffic was resilient, light vehicle traffic was affected by the lockdowns introduced in France and elsewhere in Europe in the spring and towards the end of the year. With new waves of infection taking hold, airport passenger numbers have remained very Hafl since the beginning of and visibility for the coming quarters is limited.
Business area
However, exceptional cash inflows from customers and a firm grip on both operating expenses and capital expenditure meant that cash flow remained impressively high inclose to the record level achieved in VINCI Energies kept up the pace in pursuing its acquisitions policy, buying around 20 companies, the largest of which was in Canada, marking a new milestone in the development of its North American business, and another in Germany in the offshore wind sector. Finally, the synergies that VINCI has long been developing between its Construction and Concession businesses resulted in two motorway PPP contracts, one in the Czech Republic and the other in Kenya, both of which represent firsts in those countries.
It also showed the agility and adaptability shown by our companies, which have Qantas Airline Half Annual Financial Results For roots in their communities, and the effectiveness of our decentralised managerial model based on responsibility at the local level, close to our operations on the ground and our clients.
Through our corporate foundations in France and abroad, VINCI also took action to show solidarity with the most vulnerable groups and those dealing with the crisis on the front line. However, VINCI has strengths that will enable us to maintain our course and rebound rapidly when the crisis has been overcome. We have defined new goals, which we announced in early Revenue Qantas Airline Half Annual Financial Results For more in France down Like-for-like — i.
After a strong start to the year, business levels were very low in both building and public works during the first lockdown, i. They gradually recovered from late April and were almost back to normal in June. Unlike in France and despite the Covid crisis, VINCI was able to maintain business levels at close to full capacity in most of the other countries in which it operates, although there was some variation between regions depending on local measures adopted by the authorities. This good performance shows the resilience of VINCI Energies, which benefited from its diversity in terms of geographical exposure, business segments and expertise.
Many companies remained busy even at the height of the Covid crisis due to their presence in essential activities such as energy, telecoms and certain industrial sectors. After recovering strongly following the first lockdown, business levels held firm in the second half, close to levels seen in There was an upturn in the third quarter, when revenue fell only 0.
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Revenue fell in Germany, Canada, Poland and Slovakia. The improvement seen in the third quarter — when revenue fell only 0. It equalled 6. Contracting entities in France suffered from lower-than-normal business activity after the first lockdown was introduced. However, their experience in dealing with past crises enabled them to show resilience and agility in adjusting to the pandemic.
Operating Qantas Airline Half Annual Financial Results For in the three Contracting business lines were therefore higher in the second half of than in the second half of At Entrepose, which specialises in the oil and gas industries, difficulties prompted a major overhaul of its business. As well as the impact of share-based payments IFRS 2this includes the negative contribution of companies accounted for under the equity method, particularly in the airports sector, whereas the impact was positive in The decline in Ebitda was to a large extent offset by a very substantial improvement in the working capital requirement and current provisions, and by a reduction in operating investments. This outstanding performance was largely due to the three Contracting business lines, which achieved very high cash inflows from customers, particularly at the end of the year.
Traffic levels then fell again as a result more info the restrictions introduced in France and Europe from the end of October, with a ]
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