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Sacyr Warns of the Impact of Covid-19 on its Construction Division

The construction group has warned that the stoppage of building projects in Spain, Italy and Latin America may have an impact on its working capital.

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The construction and services group Sacyr has included a warning in its financial report for 2019 about the possible impact that the Covid-19 coronavirus and the measures put in place to stop it could have on its business.

In this way, the company has acknowledged that some of its clients in the construction sector have requested the suspension of their building projects. “Overseas, our activity in Italy has been partially suspended and in Latin America, the impact is gradual.” According to the company chaired by Manuel Manrique, “these stoppages may have an impact on working capital.”

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