… but this excludes the COVID-19 impact. This virus has reduced Chinese revenue by 80% from 25 January to the end of February and management expects this to have a €0.4-0.5bn negative impact on EBIT in APAC/Greater China in Q1. Up to now, the company does not see any (severe) sourcing problems, but this might eventually impact revenue in other parts of the world.
11 Mar 2020
Currency-adjusted 2020 revenue growth of 6% expected ...
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Currency-adjusted 2020 revenue growth of 6% expected ...
adidas AG (ADS:WBO) | 0 0 1.8% | Mkt Cap: 37,743m
- Published:
11 Mar 2020 -
Author:
Hans-Peter Wodniok -
Pages:
2
… but this excludes the COVID-19 impact. This virus has reduced Chinese revenue by 80% from 25 January to the end of February and management expects this to have a €0.4-0.5bn negative impact on EBIT in APAC/Greater China in Q1. Up to now, the company does not see any (severe) sourcing problems, but this might eventually impact revenue in other parts of the world.