Interim results: EOH revenue is down — but the techno...
EOH says it has made progress in returning the technology services group to sustainability after disposing of non-core assets, exiting underperforming operations and cutting debt. While that has also reduced revenue, it says it delivered better-quality earnings for the six months to end January. CEO Stephen Van Coller, who took over in 2018, says the group has significantly reduced costs over the past year. He’s also confident that it has finally brought the legacy issues he inherited under control. However, he didn’t reckon on Covid-19, which has held back the recovery as customers de...