Pernod Ricard to Buy Back Up to EUR750 Million in Shares After FY22 Profit, Sales Jump
01 September 2022 - 4:42PM
Dow Jones News
By Cecilia Butini
Pernod Ricard SA on Thursday said that it would buy back up to
750 million euros ($754.1 million) in shares after it reported a
jump in sales and profit for fiscal year 2022.
The French drinks maker said that the new buyback will run in
financial year 2023 and will be in the range of EUR500 million to
EUR750 million. It also proposed a new dividend for the current
year of EUR4.12, up 32% from financial year 2021.
Pernod Ricard's yearly sales grew 21% on a reported basis and
clocked in at EUR10.70 billion, while net profit for the year stood
at EUR2 billion, or 53% more than the previous year.
The company said that sales in all regions grew double digit,
including 12% growth in the Americas and 19% in Europe.
For the fourth quarter, sales amounted to EUR2.30 billion,
Pernod said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
September 01, 2022 02:27 ET (06:27 GMT)
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