COVID-19 outbreak: Aptiv expects to loss USD150-200 million revenue in Q1
Company also expects an adverse operating income impact of USD60 million to USD80 million in the first quarter
Aptiv expects its financial performance in the first quarter 2020 to be adversely impacted due to extended production suspension at its customers’ plants in China due to novel coronavirus (COVID-19) outbreak, the company said in a regulatory filing. The company estimates an incremental loss of USD150 million to USD200 million in revenue and USD60 million to USD80 million loss in operating income in the quarter when compared to the previous outlook.
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