Very strong set of results, with H1 FY21 strongly beating the consensus on both sales and profit. We continue to be positive on the distillers which will benefit from tough comps, still strong momentum in off-trade and a bounce in on-trade, while they are roughly protected from rising input costs.
27 Jul 2021
Good first half of 2021 confirms positive signs for distillers
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Good first half of 2021 confirms positive signs for distillers
- Published:
27 Jul 2021 -
Author:
Laura Parisot -
Pages:
2
Very strong set of results, with H1 FY21 strongly beating the consensus on both sales and profit. We continue to be positive on the distillers which will benefit from tough comps, still strong momentum in off-trade and a bounce in on-trade, while they are roughly protected from rising input costs.