Downer posts strong Half Year 2021 results

Downer reported our financial results for the six months to 31 December 2020 on 11 February.

 

“These pleasing results clearly demonstrate the strength of our business and our Urban Services strategy,” Downer Group CEO, Grant Fenn, said.

“Our performance in such challenging circumstances is a great testament to the dedication, resourcefulness and agility of our people, and I thank all our employees for their contribution.”

Downer has made good progress on key strategic initiatives during the six-month period, including: Moving to 100 per cent ownership of Spotless and delivering $10 million to $15 million of synergies Refinancing the Group’s debt platform through a $1.4 billion syndicated Sustainability Linked Loan Selling non-core businesses, with $526 million received from sales announced to date Resuming the payment of dividends.