H1 update: sales were up +4% organically (Q2: +4% vs. cons. 2.4%) 3% restated for the Chinese New Year and +2% on reported figures. Organic profit from recurring operations was up +4% (cons. +3.1%). Operating margin is up +60bp to 29.6%. Organic sales growth by region: Americas +7%, Asia/ROW +3%, Europe +3%. OG by category: Top 14 brands +6% (driven by volumes), Strategic Local brands +1% (impacted by demonetisation in India), Wines +2%. The FY guidance is maintained: organic growth in profit
09 Feb 2017
H1 above expectations on rebound in China, Russia and Travel Retail in Americas
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H1 above expectations on rebound in China, Russia and Travel Retail in Americas
Pernod Ricard SA (RI:WBO) | 0 0 2.2% | Mkt Cap: 35,633m
- Published:
09 Feb 2017 -
Author:
Anna Zyniewicz -
Pages:
3
H1 update: sales were up +4% organically (Q2: +4% vs. cons. 2.4%) 3% restated for the Chinese New Year and +2% on reported figures. Organic profit from recurring operations was up +4% (cons. +3.1%). Operating margin is up +60bp to 29.6%. Organic sales growth by region: Americas +7%, Asia/ROW +3%, Europe +3%. OG by category: Top 14 brands +6% (driven by volumes), Strategic Local brands +1% (impacted by demonetisation in India), Wines +2%. The FY guidance is maintained: organic growth in profit