Pernod Ricard Q1 organic sales growth jumps 11.6 pct; confirms FY guidance |
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Published
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Tue, 30 Oct 2007 07:35
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PARIS (Thomson Financial) - Pernod Ricard said organic sales growth accelerated to 11.6 pct in the first quarter, helped by good growth in all regions and undemanding year-earlier comparisons.Total sales reached 1.557 bln eur, up 6.9 pct from 1.457 bln a year earlier.The figure was ahead of estimates given by brokers, who were expecting quarterly sales of 1.494-1.528 bln eur. The organic growth rate also exceeded analysts' forecast of 6-8.3 pct.For the full year, Pernod Ricard confirmed its full year guidance for 'strong growth' in sales and operating profit from ordinary activities, based on current market conditions and on a like-for-like basis.The company added that it will give a guidance figure for organic growth in operating profit from ordinary activities at its AGM on Nov 7.tfn.paris@thomson.comgt/jlwCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Publicis talks down FY organic growth guidance, Q3 sales at low end of estimates 