Analysts believe that Pernod Ricard’s unusually bold guidance on full-year profits growth is a significant vote of confidence in the global spirits sector’s powers of recovery.
Pernod Ricard’s CEO, Pierre Pringuet, said today (21 October) that his firm expects to increase profits from recurring operations by “close to 6%” for the year to the end of June 2011, compared to the previous year. The prediction excludes currency swings.
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