PORR AG: Preliminary financial results Q3 2020 below previous year – negative earnings expected for 2020
Vienna – (17 November 2020)
PORR expects negative earnings in 2020 due to COVID effects
Based on the preliminary figures for the third quarter of 2020, PORR AG expects a negative EBT (Earnings before Taxes) in a range of EUR 45-55 million for 2020. This reassessment due to direct and indirect consequences of COVID-19 is mainly based on performance defaults and disruptions due to travel...