Pernod-Ricard: FY earnings up 13%.
(CercleFinance.com) - Pernod-Ricard has published FY 2016-17 net attributable income that is up 13% at 1,393 million euros, with underlying operating income that is up 5% at 2,394 million euros.
The spirits giant pointed out that organic growth of 3.3% in underlying EBITDA is found at the upper part of its annual target range of 2% to 4%, despite unexpected regulatory changes in India.
The group's FY sales rose 4% to 9,010 million euros, with organic growth accelerating to +3.6%, which if closer to its medium-term target range of +4% to +5%.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The spirits giant pointed out that organic growth of 3.3% in underlying EBITDA is found at the upper part of its annual target range of 2% to 4%, despite unexpected regulatory changes in India.
The group's FY sales rose 4% to 9,010 million euros, with organic growth accelerating to +3.6%, which if closer to its medium-term target range of +4% to +5%.
Copyright (c) 2017 CercleFinance.com. All rights reserved.