March 24, 2020 / 6:48 AM / 10 days ago

Drinks group Pernod sees 20% hit to operating profit due to coronavirus

PARIS, March 24 (Reuters) - French spirits group Pernod Ricard warned on Tuesday that it expected a hit of around 20% to its current operating profits as a result of the slump in business caused by the global coronavirus crisis.

Pernod added it had a solid financial position to be able to cope with the impact of the outbreak, and that it had 3.4 billion euros ($3.7 billion) available in credit lines.

$1 = 0.9259 euros Reporting by Sudip Kar-Gupta; Editing by Kim Coghill

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