The pandemic significantly undercut Alimentation’s performance
The more recent volatility in oil prices, exacerbated by a drop in demand in 2020 due to COVID-19 (coronavirus), severely undercut the company's performance. However, with oil prices trending upward during the current year, the company is anticipated to fare much better. Additionally, in contract to its effect on revenue, the decline in the world price of crude oil translates to significantly lower purchase costs for operators, allowing Alimentation to greatly expand its margins.
COVID|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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