PORR prelim. 3Q 20 Conference Call Notes
The management quantified the cumulated negative effects from the Covid-19 outbreak and the re-evaluation of projects at around EUR 110 mn. We clarified that this figure has to be understood as the deviation to the original FY 20 financial targets that called for flat output and an EBT margin of 1.3-1.5%. It is noteworthy that a certain share of the burden has already been digested in 1H acc. to the company.PORR is engaged in the building construction, structural and civil engineering, road construction and infrastructure construction. Co. also operates the construction branches of planning, development, execution and operation. Co. also coordinates the supraregional activities of the construction branch subsidiaries. Co. is engaged in the contruction of buildings and industrial plants; revitalizing protected architectural treasures; general contractor services, project planning and development; railway construction; foundation engineering; power-plant, tunnel, underground rail and traffic route construction; environmental engineering and prestressing technology.
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