While markets continue to combat COVID 19, another exciting Reporting Season is here!
It is again that time of the year when investors across the globe gauge LSE-listed companies releasing their results and outlook. The period outlines the most crucial time in the financial market, factoring-in to the stock price momentum and aiding investors in their decision making.
Six months down 2020 and what a year it has already been! Markets which were all set to come out of the phase of confusion after the long-awaited Brexit finally a reality and hopes high of a new beginning, but then, COVID 19 struck.
The first pandemic of its kind has broken long-enduring growth records, shattered critical economic benchmarks, forced governments to launch extraordinary monetary stimulus and altered business forecasts for 2020 and beyond. Stymied by lockdowns, dreading a second wave and striving to flatten the curve, the world awaits a vaccine that could turn the corner.
However, there is some comfort in the fact that contemporary companies are not only accepting the “new normal” but are rising to the test in extraordinary ways to address volatile business and humanitarian aspects. While everyday holds distinct excitement in the markets, some of the listed companies are back in action, whetting investor appetite as the August Reporting Season knocks- the show that is likely to unveil how companies have responded to COVID 19!
We are wary of the turbulence at a bigger scale wherein companies’ earnings (in general) are being impacted by external factors like coronavirus impact and other global uncertainties. Nonetheless, we expect a group of star performers showcasing the potential in a defensive way.
In view of the above, we bring to you the timeline of these releases so that you do not miss out to check the performance of your favourite LSE-listed companies!
| Date | Company Name | LSE Code | Reporting period | Business Outlook |
|---|---|---|---|---|
| 2020-08-05 00:00:00 | COCA-COLA HBC AG | CCH | H1 2020 | FX-neutral net sales revenue to remain impacted as there were lower volume recored in established market, despite some recovery in developing and emerging markets in second quarter as well. |
| 2020-08-05 00:00:00 | FERREXPO PLC | FXPO | H1 2020 | Destocking through the pandemic period to help in better sales in the first half, though there could be the impact of reduced demad in pellet market across the globe. |
| 2020-08-06 00:00:00 | GLENCORE PLC | GLEN | H12020 | Full year 2020 EBIT expectations at the top end of $2.2-$3.2 billion guidance range on the back of strong first half production.For full year 2020, production of Nickel expected to be: 114kt, down 8kt (7%), Coal: 114mt, down 18mt (14%) |
| 2020-08-06 00:00:00 | AIB GROUP PLC | AIBG | H12020 | Macroeconomic changes to present visibility as it complete analysis of the book bottom-up and consequently expect to see a larger ECL charge in Q2. |
| 2020-08-06 00:00:00 | TT ELECTRONICS PLC | TTE | H12020 | Revenues for H1 are likely to be lower as the first quarter revenue were 11% lower than the prior year on an organic basis and for the five months to May were 14% lower organically. The Group has operated at lower capacity in April and May. |
| 2020-08-07 00:00:00 | RIGHTMOVE PLC | RMV | H12020 | Results to remain impacted due to Covid-19 as despite the positive consumer reaction to the re-opening of the housing market, it takes three months on average for housing transactions to complete which impacts the cash flows of the agents. |
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