FY update. Sales grew organically +2% (cons. +2.1%, -1% in Q4 on the back of technical adjustments in France and shipment phasing in the US) and +1% on a reported figures. Organic sales growth by region: Americas +4%, Asia/ROW +1%, Europe +1%. OG by category: Top 14 brands +0% (+1% restated for France), Wines +5%, 18 Key Local brands +6% (driven by Indian whiskies) and Others +3%. Profit from recurring operations was up +2% whereas operating margin was flattish (+7bp). The group highlights go

01 Sep 2016
FY matches consensus; sees better FY16/17 on the back of efficiency initiatives

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FY matches consensus; sees better FY16/17 on the back of efficiency initiatives
Pernod Ricard SA (RI:WBO) | 0 0 2.2% | Mkt Cap: 35,633m
- Published:
01 Sep 2016 -
Author:
Anna Zyniewicz -
Pages:
3 -
FY update. Sales grew organically +2% (cons. +2.1%, -1% in Q4 on the back of technical adjustments in France and shipment phasing in the US) and +1% on a reported figures. Organic sales growth by region: Americas +4%, Asia/ROW +1%, Europe +1%. OG by category: Top 14 brands +0% (+1% restated for France), Wines +5%, 18 Key Local brands +6% (driven by Indian whiskies) and Others +3%. Profit from recurring operations was up +2% whereas operating margin was flattish (+7bp). The group highlights go