The textile chain Primark for fear of negative effects of Corona-Virus. In the further course of the year, it could lead to supply bottlenecks on the part of the Chinese suppliers, shared with the mother, Foods in London at the time of submission of an interim report.

outsourcing of production against supply bottlenecks

in the Short term, the group expects no negative consequences of the Virus. The now common delays in production should, however, expand, will increase the risk of supply bottlenecks in the further course of the financial year.

Therefore, the parent company, prefer FROM Foods of different strategies in regard to the Virus-to mitigate the effects, it was more. An increase in the production capacity in other regions outside of China belong to, among other things.

Primark nevertheless expects growth

in Spite of the feared difficulties, the group confirmed its Outlook for the full year, he wants to continue to grow. The group's financial year runs until mid-September.

In the first half of the year, the turnover is likely to be grown and also the adjusted operating profit is expected to exceed the comparison value of the previous year, it said. The textile chain Primark, in this period to increase their revenues on the Basis of constant exchange rates by 4.2 percent. The Hennes & Mauritz benefited areas-competitor of a large sale.

How the Corona Virus affects the economy

• the Biggest daily loss in months - the Dax falls below the 13,000 points - Virus-Fears come as a shock to markets
• Why the stock markets get ahead of the Virus panic – and how investors can protect themselves can
• Beate Sander to the Corona-panic - Virus markets infected worldwide exchanges-millionaire is using the courses to get started
• Virus Fears come as a shock to investors - Lufthansa shares crash on the Dax end - so low can the price fall

Hot word duel to Hamburg-election: Toxic Lindner interrupts ZDF-woman's FOCUS Online/Wochit Hot word duel to Hamburg-election: Toxic Lindner interrupts ZDF-woman

lbw/dpa Date Of Update: 24 February 2020, 19:00