NHH’s FY19 results were consistent with market consensus and its previous guidance. However, it was unable to communicate any information about its FY20 guidance, nor about the Coronavirus impact. 84.3% of the group’s business concentrates on Spain, Benelux, Germany and Italy (17.9% of NHH’s total sales). Noting the high-speed of expansion of the Coronavirus in Europe in recent days, NHH may face considerable profit losses for FY20.
