Sees FY organic sales stable (Il Sole 24 Ore Radiocor) - Paris, 25 Apr - For the full year, Pernod Ricard expects "dynamic" fourth quarter net sales, improving versus the first nine months of the year and "leading to broadly stable full year organic net sales." It also anticipates organic operating margin expansion, with organic profit from recurring operations growing by about 1 percent.

by c.+1% It estimates "investments in strategic inventories at a similar level" to the previous year and an increase in capex to about 800 million euros.

It expects to buy back about 300 million euros in shares in the full year, with about 150 million euros completed in the first half.

Pernod Ricard added that it remains confident in its medium-term financial guidance of 4-7% top line growth, aiming for the upper end of the range, with an organic operating leverage of 50-60 basis points.

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(RADIOCOR) 25-04-24 19:02:37 (0636) 5 NNNN