Companies are already cascading downward revisions of their revenues and contingency plans as a result of the coronavirus epidemic. Lufthansa airline has announced a cost saving program that involves the suspension of any contract. The German company has stated that at this time "it is not possible" to make an estimate of the impact on their income, for which they have presented a plan that includes the support to their workers without salary permits, the cancellation of planned training courses. Lufthansa has canceled its flights (as well as those of Swiss and Austrian Airlines) with mainland China, at least until March 28. For its part, the Air France-KLM group has estimated the impact of Covid-19 on its operating profit between 150 and 200 million euros.

The food sector is also being affected. Thus, the French food group Danone expects a negative impact in relation to the coronavirus epidemic of about 100 million euros in its first quarter sales.

The French company includes in the forecasts for this year 100 million euros in sales lost by Covid-19, mainly in the water business in China, one of its main markets. The gala company is present in the bottled water market with brands as well known in Spain as omo Font Vella and Lanjarón.

Also, the British giant of spirits Diageo, owner of Guiness or Johnny Walker , already estimates that the epidemic in China and the entire Asia-Pacific region will reduce the number of net organic sales between 225 and 325 million pounds (269 and 388 million euros) in this year, which ends in June. In its organic operating result it is estimated between 140 and 200 million pounds sterling (167 and 239 million euros).

Projections are influenced by the closure of bars and restaurants in mainland China, where celebrations have been substantially reduced, as Diageo explained. The leap of the virus to other countries such as South Korea, Japan and Thailand has also delayed and canceled events, a drag for consumption that in this British company expect to improve in its last quarter of the year, between April and June.

There are numerous sectors exposed to the coronavirus because of its relationship with China, especially textiles, depending on the supplies of the Asian giant. The following most exposed areas, according to Standard & Poors, computing and electronics, electrical equipment and motor vehicles. Others, such as the toymaker, the pharmacist or the hotelier, are also resenting their connections with China.

The electricity companies Naturgy and Iberdrola have joined Endesa in the last hours with the implementation of contingency plans to avoid contagion by the coronavirus. The first of these groups has temporarily suspended all international trips of its employees and has created a Travel Committee to assess those that are considered essential. This limit also affects trips within the national territory with the express request to "reduce them as much as possible." For its part, Endesa - whose parent is the Italian Enel - also announced yesterday the suspension of all trips to its headquarters in Rome.

Tobias Martinez, CEO of Cellnex , has argued that its employees should "travel only and exclusively when necessary," and has recommended video calls and conference calls to get in touch with other countries. "" If you talk to me about trips and you tell me about northern Italy, then I would tell you that we will try not to do them unless it was absolutely essential, "said the CEO of the multinational based in Barcelona, ​​which presented results on Wednesday.

According to the criteria of The Trust Project

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