Adidas News

Adidas foresees impact of US$ 1.1 for sales

Coronavirus: Adidas foresees impact of US$ 1.1 for sales in China
Coronavirus: Adidas foresees impact of US$ 1.1 for bandages

Adidas informed that the epidemic of coronavirus (Covid-19) may impact sales in China at US$ 1.1 billion (about R$ 5.2 billion) in the first quarter of 2020. The information was disclosed at this fourth fair (11) during a teleconference for comment on the results of 2019.

according to adidasor operating profit should fall between US$ 450 million to US$ 560 million (about R$ 2.65 billion) in the first three months of 2020 China. The Asian country was the main affected by the coronavirus.

The German company still expects sales in the first quarter to fall by more than 10%. Furthermore, the company expects a reduction of R$ 530.9 million in sales in Japan and South Korea. The Asian continent is responsible for about a third of the sales of the varejista.

“The virus is worse than feared. Given the duration of the situation in China, or the negative impact in other Asian countries and now also its spread to Europe and the US, unfortunately we have to conclude that a short-term normalization will not occur”, said the analyst of the North American bank Jefferies , James Grzinic, in a report on Adidas.

After the statement, the shares of the company, traded on the Frankfurt stock exchange, in Germany, closed in the remainder of 11.69%, at 197.86 euros.

The negative variation happened the same after Adidas reported that it obtained registration of 54%, I don’t know liquid profit of the fourth quarter of 2019. Além disso, or profit by action of the continuous operations of the company advanced 97%.

WHO declares coronavirus pandemic

TO World Health Organization (WHO) I classified the coronavirus as a pandemic. The director-general of the organization, Tedros Adhanom Ghebreyesus, stated last week that the epidemiologists were constantly monitoring the development of the teaching.

Coronavirus and Financial Market | Know which opportunities you may be losing

According to the international organization, there are currently more than 118,000 cases in 114 countries, with 4,291 people who have died due to the virus epidemic.

“The description of the situation as a pandemic does not alter the WHO assessment of the threat represented by this virus. Isso does not change what the WHO is doing, not what the countries should do. Pandemic is not a word to be used in a light or careless way”, declared Ghebreyesus about the new classification of coronavirus.

Related Articles

Back to top button