About: http://data.cimple.eu/news-article/49784da4b460c96d237cfe066b082e1f95033df8835d131ae1b58df3

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About: http://data.cimple.eu/news-article/49784da4b460c96d237cfe066b082e1f95033df8835d131ae1b58df3 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	French catering giant Sodexo said Wednesday it expected the coronavirus pandemic to hit its annual revenues by two billion euros ($2.2 billion). "Currently, early estimates, given the many moving parts, could be for an impact of around two billion euros on annual revenues," it said in a statement. Revenues in its last financial year came to 22 billion euros. Its first-half figures included a "mild shortfall" in revenues from China and Italy because of the COVID-19 virus that it had been able to absorb, the company added. "At this stage, it is too early to determine the impact that these combined factors may have on the Group's second half results," it said. "Based on the last few weeks' observations in China, Italy, France and the USA we can see that for each 100 million euros of revenue decline the impact on underlying operating profit is around (negative) 30 percent depending on the country and the segment." The company said that while it remained confident in its market and financial position, it nevertheless had to suspend guidance "until the situation stabilizes". vac/jj/bmm
schema:headline	French food giant Sodexo expects 2 bn-euro hit from virus
schema:mentions	French language Italy Pandemic France Virus United States China Severe acute respiratory syndrome coronavirus 2 Sodexo
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-18 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	83 (xsd:integer)

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