The Covid-19 crisis is still spreading in most European, North and South American countries implying governmental restrictions. From the beginning, CGR group has implemented actions and plans in order to protect its employees’ safety and guarantee the service to its customers.
This sanitary crisis is leading to an economic crisis that impacts all markets and especially Automotive and Aerospace.
CGR by taking emergency and long terms actions has secured its operational activities and therefore its financial result. At the end of August, CGR group result was positive and the balance sheet remains very strong with a stable Net Debt. The end of year 2020 forecast and 2021 budget confirm this positive trend.
As per example, the emergency actions implemented are:
Other long terms and structural actions implemented:
Then, CGR Group has set itself to go through this crisis by managing and securing its financial health and is ready to support the evolutions in Automotive and Aerospace markets.
Alexis MARTEL, C.E.O.