European listed firms expect to receive 449 billion euros ($514 billion) in total revenue from China in 2019, with luxury brands and automakers the most exposed sectors, a Refinitiv analysis of company data shows.
Among the pan-European STOXX 600 index, consumer firms including Swatch, Richemont and BMW , derived the biggest chunk of revenues from China - with a total of 120 billion euros ($137 billion) sales from the country, the analysis based on companies' estimates of their 2019 revenue shows. That is nearly a third of the estimated 449 billion euros in total revenue to be derived from China.