Enka presents its Q2-2020 Income Statement

  • Given the 40% reduction in sales volume compared to 2020-Q1 sales, the company was able to act quickly on different fronts,managing to offset this effect and present a balanced ebitda in the second quarter ($ 137 million).
  • Accumulated ebitda decreased 20% compared to the previous year, due to lower sales volume on account of the COVID-19 effect. However, the ebitda margin remains stable at 7.1% vs 7.2% in 2019.
  • The net debt ratio ends the semester at 1.1 x ebitda, improving the result at the end of 2019 (1.3 x ebitda).

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