Net income jumped 54% to €167 million ($185 mm) from €108 million in the final quarter ended Dec. 31 as sales improved 12% to €5,838 million ($6,465 mm) from €5,234 million in a seasonally small period but the coronavirus outbreak in China is expected to reduce Q1 sales there by €800-1,000 million and operating income by €400-500 million. While the impact on the supply chain has so far been manageable, traffic in stores is also declining in S. Korea and Japan and some of the effects have even started to be felt in Europe.

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