Constellation: strong performance, despite crisis
(CercleFinance.com) - Constellation has announced its Q2 results for FY 2021.
They include pre-tax profit of 762 million dollars, or 2.76 dollars per share.
In the beer sector, which includes Corona beer, shipment and distribution remain significant (+5%), while current production in Mexico remains at “normal” levels. The Wines and Spirits business also posted strong performance, including double-digit growth for the Power brand in retail channels.
Free cash flow reached 1.2 billion dollars, up 10% and the group has reduced its debt by 600 million dollars.
Due to uncertainty and the potential impact that the coronavirus pandemic will have on the business, the group has not provided any forecasts for FY 2021.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
They include pre-tax profit of 762 million dollars, or 2.76 dollars per share.
In the beer sector, which includes Corona beer, shipment and distribution remain significant (+5%), while current production in Mexico remains at “normal” levels. The Wines and Spirits business also posted strong performance, including double-digit growth for the Power brand in retail channels.
Free cash flow reached 1.2 billion dollars, up 10% and the group has reduced its debt by 600 million dollars.
Due to uncertainty and the potential impact that the coronavirus pandemic will have on the business, the group has not provided any forecasts for FY 2021.
Copyright (c) 2020 CercleFinance.com. All rights reserved.