Satisfactory result for Circle in H1
Circle announced the half-year consolidated financial report on 30 June 2020, which is subject to limited audit. The value of production amounted to EUR 3.2 million (EUR 2.6 million H1/2019) with an increase of 21%. Ebitda amounted to EUR 0.4 million (EUR 0.7 million H1/2019) with a 14% ebitda margin.
Luca Abatello, president & CEO at Circle: “Despite the difficult economic situation, we are satisfied with the substantial increase of Value of Production, with a 21% growth compared to H1/2019. We managed not to interrupt any of the investments, activities and projects we planned before the crisis caused by the Covid-19 pandemic and lockdown and I think this a great result, especially if you consider that North-Western Italy was also affected by huge problems in its transport system for a long time." (mw)