Dear subscribers,
The season for companies to publish their annual results is in full swing.
And unsurprisingly, this vintage reveals the exceptional character of 2020, extraordinarily brutal for some, excellent for others.
At Unibail (URW), half of its shopping centers are currently closed (especially in France), rental collections fell by 24% last year and the group is warning its shareholders of three years without dividends.
Conversely, confinements and health restrictions boosted activity at Leroy Merlin (turnover up 5%), at the payments specialist Adyen (the volume of transactions processed jumped by 30%) or even at the stock exchange operator Euronext (turnover up 30%).
At Schneider, the year 2020 was also that of a discreet craving for acquisitions - for 8 billion euros in total, explains CEO Jean-Pascal Tricoire.
Will the “roaring twenties” return soon?
Everett / Bridgeman pictures
And now ?
The leaders' speeches
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