Pernod Ricard: expects FY underlying OP to fall
(CercleFinance.com) - Pernod Ricard estimates that the combined impact of the effects of the pandemic will lead to around a 20% organic fall in its underlying operating profit over FY 2019-20, against organic growth of between +2% and +4% previously expected.
On 23 March, the spirits group epaid a bond of 850 million euros plus interest early, representing a total repayment of 863 million euros, without penalty, three months before its maturity date.
The group has around 3.4 billion euros in credit lines with banks, of which only 0.3 billion euros is currently drawn. These facilities include a syndicated line of credit of 2.5 billion euros, maturing in 2024, which is currently undrawn.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
On 23 March, the spirits group epaid a bond of 850 million euros plus interest early, representing a total repayment of 863 million euros, without penalty, three months before its maturity date.
The group has around 3.4 billion euros in credit lines with banks, of which only 0.3 billion euros is currently drawn. These facilities include a syndicated line of credit of 2.5 billion euros, maturing in 2024, which is currently undrawn.
Copyright (c) 2020 CercleFinance.com. All rights reserved.