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Here’s How the Virus Is Impacting Australian Firms
Here’s How the Virus Is Impacting Australian Firms
11 May 2020, 07:32 AM IST 
(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 |
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