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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Implenia AG    IMPN   CH0023868554

IMPLENIA AG

(IMPN)
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Implenia : Swiss construction firm Implenia to shrink workforce by 2,000 by 2023

10/27/2020 | 01:42am EST

ZURICH, Oct 27 (Reuters) - Swiss construction and real estate firm Implenia plans to shrink its workforce by up to 2,000 full-time jobs by 2023, the group said on Tuesday, roughly 750 of which would be through lay-offs.

"As a consequence of the sharpened and accelerated strategy execution with focus on core solid margin businesses, Implenia must take unavoidable and painful measures," the Swiss firm said in a statement, which also highlighted the impact of COVID-19 on its performance. "The group will restructure its market presence and therefore plans to reduce its workforce significantly."

It said it expected to report a loss of around 70 million Swiss francs ($77.18 million) before interest, tax, depreciation and amortisation for 2020, 50 million francs of which is due to the impact of COVID-19.

Of the up to 2,000 full-time equivalent roles expected to be impacted by its restructuring, it said roughly 1,250 were planned to be transferred to new ownership, without providing details. ($1 = 0.9070 Swiss francs) (Reporting by Brenna Hughes Neghaiwi; Editing by Sam Holmes)


© Reuters 2020
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Financials
Sales 2020 3 966 M 4 408 M 4 408 M
Net income 2020 74,4 M 82,7 M 82,7 M
Net cash 2020 142 M 158 M 158 M
P/E ratio 2020 -
Yield 2020 1,75%
Capitalization 421 M 467 M 468 M
EV / Sales 2020 0,07x
EV / Sales 2021 0,06x
Nbr of Employees 8 867
Free-Float 66,8%
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Mean consensus HOLD
Number of Analysts 2
Average target price 20,00 CHF
Last Close Price 22,80 CHF
Spread / Highest target -12,3%
Spread / Average Target -12,3%
Spread / Lowest Target -12,3%
Managers
NameTitle
André Wyss Chief Executive Officer
Hans-Ulrich Meister Non-Executive Chairman
Marco Dirren Chief Financial Officer
Stephan Burkart Chief Information Officer
Henner Mahlstedt Independent Non-Executive Director
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