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This Article is From May 11, 2020

Here’s How the Virus Is Impacting Australian Firms

(Bloomberg) --

The rapid spread of the coronavirus has prompted a raft of Australian and New Zealand companies to abandon earnings guidance and trim targets for the 2020 fiscal year as firms look to deal with the impact of lockdowns and social distancing.

Australia's decision to shut non-essential services and restrict public gatherings are among lockdown measures which may begin to ease over the next few weeks after being in place since March. New Zealand is also beginning to loosen restrictions after undertaking an extended period of isolation.

The following Australian companies have altered guidance:

Communication Services:
Carsales, Telstra, Nine Entertainment, Ooh!media, REA Group
Consumer Discretionary
ARB, Breville, GUD, Super Retail, Invocare, Wesfarmers, Star Entertainment, Bapcor, Tabcorp, JB Hi-Fi, Premier Investments, Wesfarmers, Aristocrat Leisure, Flight Centre, Corporate Travel Management, Webjet, Domino's Pizza Enterprises, AP Eagers, Crown Resorts
Consumer Staples
Woolworths, Coca-Cola Amatil, Metcash, Coles Group, Inghams
Energy
Viva Energy, Origin Energy, Woodside, Beach Energy, Santos, Caltex
Financials
Bank of Queensland, QBE, AMP, Steadfast, Credit Corp., Bendigo & Adelaide Bank, National Australia Bank, Hub24, ANZ Bank, Westpac, Insurance Australia, Macquarie Group
Health Care
Healius, NIB, Sonic Healthcare, Ramsay Health, Estia Health, Cochlear
Industrials
Seven Group, Seek, Transurban, ALS, Smartgroup, NRW Holdings, Reliance Worldwide, Cleanaway, GWA Group, Sydney Airport, Atlas Arteria, Bingo, Qantas, McMillan Shakespeare, Downer, Monadelphous, Qube
Information Technology
Altium, Iress, Link Administration, Computershare, Nearmap
Materials
Iluka, Adelaide Brighton, Oz Minerals, Saracen Mineral, Brickworks, Northern Star, South32, Perenti, Orocobre, Sims, Boral, BlueScope, Rio Tinto, James Hardie, Orica
Real Estate
Cromwell, Growthpoint, Dexus, Ingenia Communities, SCA Property, BWP Trust, Stockland, Abacus, Charter Hall Retail, Scentre Group, Vicinity, GPT, Mirvac, National Storage REIT
Utilities
AGL Energy

©2020 Bloomberg L.P.

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