logo
Plus   Neg
Share
Email

Pernod Ricard FY18 Profit Climbs, Ups Dividend; Sees FY19 Organic Profit Growth

French drinks company Pernod Ricard SA (PDRDF.PK,PDRDY.PK,PRN.L) reported Wednesday that its fiscal 2018 Group share of net profit increased 13 percent to 1.58 billion euros from last year's 1.39 billion euros, thanks in particular to a reduction in financial expenses.

Group share of net profit from recurring operations grew 2 percent to 1.51 billion euros from 1.48 billion euros last year. Profit from recurring operations, meanwhile, dropped 2 percent form last year to 2.36 billion euros.

Net sales for fiscal 2018 totaled 8.987 billion euros, down 0.3 percent from 9.01 billion euros a year ago. Organic Sales growth was 6%, thanks to consistent strategy implementation.

In the fourth quarter, net sales dropped 2 percent on a reported basis to 1.93 billion euros, but grew 5 percent organically.

Further, the company said a dividend of 2.36 euros is proposed for the Annual General Meeting of November 21, up 17% from FY17.

Alexandre Ricard, Chairman and Chief Executive Officer, said, "FY18 was a very strong year. ...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%."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Online-video streaming giant Netflix Inc. (NFLX), Tuesday reported a fourth-quarter profit that trounced Wall Street estimates, as revenues surged 31% driven by strong subscriber growth. Netflix added 8.76 million subscribers globally in the quarter, above its forecast of 7.60 million, to end the... Fast food chain Krystal Company has filed for bankruptcy, according to reports. The Atlanta-based Krystal filed for Chapter 11 on Sunday in the U.S. Bankruptcy Court in Atlanta. In the filing, the company reportedly disclosed assets between $10 million and $50 million, and liabilities between $50 million and $100 million. The chief executive officer of Google's parent company Alphabet called for artificial intelligence or AI to be regulated, noting that there are real concerns about the potential negative consequences of the technology. According to Alphabet CEO Sundar Pichai, there are real concerns about the negative consequences of AI, from deepfakes to nefarious uses of facial recognition.
Follow RTT
>