The Socimi Vitruvio has analysed the possible impact of Covid-19 on its accounts and has revised down the estimates it presented for its results in November 2019. Now, the listed company expects to make a profit of 1.2 million euros in 2020, down by 53% compared to last year’s forecast.
As reported by the firm to the Alternative Investment Market (MAB), its turnover is expected to fall to 7 million euros due to the impact of the pandemic, compared to the 8.3 million euros estimated in November, a decrease of 15.8%. In addition, the gross operating result is now forecast to be 4 million euros, compared to the expected figure of 5 million euros, which represents a drop of 20.7%.
Read the full article in Spanish.