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Covid-19 hits Multiplex profit and revenue

Multiplex Europe suffered a 31% fall in revenue last year and took a £149m hit in costs and impairments as its annual results for the year to 31 December 2020 were battered by the covid-19 pandemic.

Multiplex Europe’s revenue for the year was £606.3m, down from £881.2m the year before.

It made a pre-tax loss of £138.5m, compared to a £7.9m profit the year before.

Multiplex’s sites underwent a full shutdown in March 2020, resulting in increased costs and reduced productivity when sites did re-open.

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