Solid 2020 performance at HANEVO
March 8, 2021
Solid 2020 performance at HANEVO
Recently filed accounts for HANEVO indicate a solid 2020 trading performance despite the impacts of Covid 19. The 12 months trading period YE 31st December 2020 showed a 16% increase in like for like revenue compared to the previous 12 month reporting period and a 10% uplift on the 2019 nine months filing. Profits held stable at just under 5%. Cash increased by 50% and trade creditors dropped to a record low with rating agencies confirming HANEVO pay creditors faster than industry average. The Board, acknowledging the performance, expressed confidence for 2021 with a recent AMP7 Water framework award being a first for the company and new opportunities being explored in their Water, Critical Environment and Civil divisions.
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