Steinhoff’s revenues are growing though its businesses in Europe and Africa, but the scandal-hit retailer is taking steps to mitigate any potential effect the coronavirus might have on its performance, it said on Thursday.

In an operational update for the three months ended in December, Steinhoff said many of its businesses were dependent on sourcing and supply from Asia. “While it is widely expected that the outbreak and spread of coronavirus may lead to sourcing and other challenges, it is not yet possible to determine accurately any future impact on business performance,” it said...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now