Primark figures at 475 million the impact on its sales of the closings by the second wave

Currently 34 stores are temporarily closed, including all stores in Northern Ireland and Austria.

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The Primark textile chain, belonging to the Associated British Foods (AB Foods) group, estimates at about 430 million pounds (475 million euros) the impact adverse in its sales due to the closure of stores during the fall as a result of the second wave of the Covid-19 pandemic, despite which it continues to hope to achieve an increase in its profit and turnover this year, which It will conclude in September 2021.

“Despite the announced restrictions, we continue to expect Primark’s sales and profits to be higher this financial year compared to the previous one,” the company said.

In this sense, he stressed that 34 establishments are currently closed on a temporary basis, including all stores in Northern Ireland and Austria, representing 7% of the total retail area compared to 62% in November.

In its last fiscal year, closed last September, Primark posted an adjusted operating profit of £ 362 million (402 million euros), 60% less, while its turnover was reduced by 24% compared to the previous year, to 5,895 million pounds (6,545 million euros).

On the other hand, after the departure of the United Kingdom from the European Union, the multinational has indicated that the companies of the group have completed all the practical preparations for the end of the transition period this month and that they have contingency plans in case that there was some disturbance.