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Pernod Ricard remains cautious

Monday Nov 2, 2009

The group of wines and spirits Pernod Ricard is on Monday's Combined General Meeting to approve the consolidated accounts of social and fiscal 2008/2009, ending June 30, 2009. In a statement, he stressed that "even if the general economic environment remains challenging, particularly in Europe, the first signs of improvement appear on some markets."

Pierre Pringuet, the Group Managing Director says "target for the year 2009/2010, a growth in recurring operating income of between 1% and 3%, with stronger advertising and promotion on strategic brands.

The title Pernod Ricard, a component of the CAC40, the flagship index of the Paris bourse, gained 0.4% to 57.02 euros in mid-session.

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