Cascal navigates currency headwinds
- From: Vol 10, Issue 7 (July 2009)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Biwater, Cascal, Nuon and Xstrata
Exchange rate movements took their toll on Cascal's full-year numbers, maintaining pressure on the share price. CEO Stephane Richer talks to GWI about why investors should look further than the numbers.
Cascal’s decision to float on the New York Stock Exchange in January 2008 left many water industry analysts scratching their heads - more than 60% of the company's revenue base was in the UK, and reporting in dollars was always going to leave it unnaturally exposed to exchange rate fluctuations.
Over the last 18 months, the company's market ...
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