Codere divulges Covid-19 damage as H1 losses spiral to €178m

Adjusted EBITDA plummets 88% despite coronavirus contingency plan resulting in Q2 cost reduction of €70m

Codere has reported a first-half loss of €178m for 2020 as the Spanish operator continues to feel the full financial force of the coronavirus pandemic. The figure represents a dramatic downturn on the €24m loss recorded in the same period last year, driven by the closure of betting venues due to Covid-19 and exchange rate…

Codere | Covid-19 | Finance | H1 2020 | Spain