Well positioned for success, after a chapter of significant challenge and transformation
expected in October 2020 because of lower than anticipated restructuring costs to achieve target organisation with annual savings of > 50 million until 2023 and additional positive one-time effects mainly from lower expenses according to IAS19 as well as positive project, claim and litigation development [...] businesses. Implenia continues to be solidly financed The syndicated loan agreement with Swiss banks is in place with the original end date of December 2023. The guarantee facility remains unchanged at CHF 550 million. In order to adapt the syndicated loan agreement to the short- and mid-term activities [...] positive, despite the COVID-19 pandemic. Total construction output is expected to stabilize in the EC-15 countries with annual growth rates for 2021-2023 of 2.7% for Buildings and 3.3% for Civil Engineering (Euroconstruct, November 2020). The market outlook for large infrastructure projects is promising[...]