Downer FY20 Results
by
Bonnie Corbett | Aug 24, 2020
On 12 August 2020, Downer EDI Limited (Downer) announced its full year results for the period ended 30 June 2020. Revenues were largely flat year-on-year (yoy), coming in at AUD12.7bn in FY20. Full year underlying EBITDA was AUD862m, reflecting a AUD176m positive impact from the adoption of new accounting standards. FY20 underlying EBITA was in line with guidance provided in July, down 26% yoy to AUD416m.