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Stock impact report

Pernod Ricard eyes margin improvement in EMEA-LATAM business [Reuters]

Diageo plc (DEO) 
US:NYSE Investor Relations: diageo.com/en/investors
Company Research Source: Reuters
Pernod Ricard eyes margin improvement in EMEA-LATAM business | Reuters 2 Min Read PARIS, March 19 (Reuters) - Drinks group Pernod Ricard , which is being targeted by activist investor Elliott, said its business in Europe, the Middle East, Africa and Latin America (EMEA/LATAM) was well positioned for “solid top line growth and margin improvement”. The region, which makes 29 percent of group sales, achieved first half 2019 sales growth of 3 percent driven by demand in emerging markets and in spite of signs of weakness in western Europe, Pernod said in slides presented on Tuesday ahead of a conference call on the region. The group said it had a “clear strategic roadmap” for the region that entailed driving revenue through innovations and prestige brands, while margins should benefit from measures to cut costs, better advertising and promotion expenses allocation, as well as ongoing organisational changes. Pernod, which is the world’s second-biggest spirits group behind Diageo, is under p Show less Read more
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