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.
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Muddy FY20
NH Hotel Group SA (0OHG:LON) | 0 0 0.0% | Mkt Cap: 2,192m
- Published:
05 Mar 2020 -
Author:
Yi Zhong -
Pages:
3
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.