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AKKA FY 2020 RESULTS(1): PROFITABILITY(2) RESTORED IN H2 2020 IN ALL UNITS STRONG CASH FLOW GENERATION IN FY2020


AKKA FY 2020 RESULTS(1): PROFITABILITY(2) RESTORED IN H2 2020 IN ALL UNITS STRONG CASH FLOW GENERATION IN FY2020
OPERATING
Full-year revenue of €1.5 billion, down 16.5% vs 2019
Operating profit down to (170.5) M, due to the consequences of the COVID situation and its related costs
FY operating profit (adjusted)
FY2020
Financial structure strengthened following the completion of the reserved capital increase
Mauro Ricci, Chairman and CEO of AKKA, commented:

2020 was an unprecedented year, in which we carried out immediate actions to protect our employees and partners while continuing to serve our customers effectively. Throughout 2020, AKKA worked hard to accelerate its transformation while strengthening its fundamentals to be better positioned than ever and emerge from the crisis with its agility restored. ....

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