French spirits maker Pernod Ricard, which is being targeted by activist investor...
PARIS - French spirits maker Pernod Ricard, which is being targeted by activist investor Elliott, said it was now expecting annual profit growth at the top end of its expectations, despite a slowdown in sales growth in the third quarter.
Pernod also reported sales on Thursday of 2.003 billion euros in the three months to March 31, a 2.5 percent rise on a like-for-like basis, yet marking a slowdown from 5.6 percent growth in the second quarter.Pernod, which had benefited from advance cognac shipments ahead of the Chinese New Year, had flagged in February that sales growth would moderate in the second half of the year.
“For full year 2019, in an environment that remains uncertain, we aim to continue dynamic and diversified growth across our regions and brands,” said Pernod CEO Alexandre Ricard.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Pernod CEO: in regular and 'courteous' talks with ElliottDrinks group Pernod Ricard is having regular and 'courteous' talks wit...
Lire la suite »
Pernod Ricard agrees to buy Italian gin brand MalfyPernod Ricard, which is being targeted by activist investor Elliott, plans to bu...
Lire la suite »
A US-EU trade war would be a political and economic mistake, says French finance ministerIn two Twitter posts this week, U.S. President Donald Trump hit out at the European Union, even calling the bloc 'a brutal trading partner.'
Lire la suite »
French President Macron says he wants Notre Dame Cathedral rebuilt in 5 yearsFootage from the inside of the Notre Dame shows the extensive damage done to the altar, ceiling and walls of the cathedral after a massive fire ripped through the building. Firefighters saved the main sanctuary and the cathedral's historic bell towers.
Lire la suite »
Tucker Carlson guest says French among most 'godless' people in the Western world during Notre Dame fire segmentWith Notre Dame 'you do have the sense that a living, breathing faith is just becoming actually a museum. An art gallery. A storage facility,' conservative commentator Mark Steyn said.
Lire la suite »
French court finds Bayer's Monsanto liable for farmer's sicknessA French appeals court ruled on Thursday that Bayer's Monsanto business was...
Lire la suite »
French President Macron: 'We'll rebuild Notre-Dame together'French President Emmanuel Macron pledged to rebuild Notre-Dame cathedral on Mond...
Lire la suite »
Bells of French cathedrals ring in tribute to Notre DamePARIS (AP) — Bells of cathedrals across France rang in a moving tribute Wednesday to Notre Dame as firefighters and experts continued to keep the beloved but weakened landmark under close surveillance.
Lire la suite »