Full Year 2020 Petrofac Ltd Pre-Close Trading Statement Call Transcript
Welcome to the Petrofac analyst and investor call. (Operator Instructions) Just to remind you, this conference call is being recorded. Today, I am pleased to present Alastair Cochran, CFO. Please begin your meeting.
Good morning, everyone. Thank you for joining our regular pre-close trading update call. I will make some brief comments on our statement before opening the line for questions.
Overall, the group is trading in line with expectations for 2020 as we approach the year-end. Financial performance in the second half has continued to be impacted by COVID-19. However, we have continued to deliver projects for clients throughout this difficult environment, whilst doing everything within our control to protect the health and well-being of our employees, subcontractors and communities. Furthermore, the swift and decisive actions we took, to protect the long-term health of our business in Q2 and reduce overhead costs by $125 million this year, have protected margins and cash flow. As a
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
