Pernod Ricard: FY underlying EBiDA up 6.9%
(CercleFinance.com) - Pernod Ricard has published 2017-18 a net income group share that is up 13% at 1,577 million euros, with underlying operating income that is down 1.
5% at 2,358 million euros. However, organic growth in operating income rose by 6.3%, as expected by the group.
The French wine and spirits giant's revenues reached 8,987 million euros, pretty much flat (-0.3%), in nominal terms, while they rose 6% in organic terms, thanks to the group coherently implementing its strategy.
The group has offered to pay a dividend of 2.36 euros per share, up 17%, meaning a 41% payout rate, in line with its policy of gradually distributing around 50% of its net attributable income to shareholders in 2019-20.
"In FY19, in a still uncertain geopolitical and monetary environment, we will continue consistently implementing our strategy. Our guidance for FY19 is organic growth in Profit from Recurring Operations between +5% and +7%," said group chairman and CEO Alexandre Ricard.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
5% at 2,358 million euros. However, organic growth in operating income rose by 6.3%, as expected by the group.
The French wine and spirits giant's revenues reached 8,987 million euros, pretty much flat (-0.3%), in nominal terms, while they rose 6% in organic terms, thanks to the group coherently implementing its strategy.
The group has offered to pay a dividend of 2.36 euros per share, up 17%, meaning a 41% payout rate, in line with its policy of gradually distributing around 50% of its net attributable income to shareholders in 2019-20.
"In FY19, in a still uncertain geopolitical and monetary environment, we will continue consistently implementing our strategy. Our guidance for FY19 is organic growth in Profit from Recurring Operations between +5% and +7%," said group chairman and CEO Alexandre Ricard.
Copyright (c) 2018 CercleFinance.com. All rights reserved.