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Pernod beats expectations as U.S. consumers splurge on Jameson whiskey, China sales jump

Pernod Ricard said on Thursday it expects organic sales to return to growth in the full year, after strong performances in its key U.S. and Chinese markets helped the French spirits group beat first-half profit and sales forecasts. Double-digit sales growth in China and a 5% sales rise in the United States propped up results for Pernod, the world's second-biggest spirits group after Diageo. In the United States, Pernod Ricard's top market, stuck-at-home consumers splurged on its Jameson Irish whiskey and Martell cognac while a cocktail craze also lifted demand for Malibu rum and premium Avion tequila. ....

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Veoneer: Financial Report October - December 2020


Veoneer: Financial Report October - December 2020
Financial Summary - Q4 20
Net Sales $455 million, Organic Sales
1 increase 17%
Operating cash flow $(77) million, $27 million improvement YoY
Cash balance $758 million
Active Safety Organic Sales
Currency translation impact is expected to be ~5%
Operating loss is expected to improve in 2021 from 2020, Cash balance is expected to exceed $400 million at 2021 year-end
Order intake in 2021 is expected to increase from 2020
Business Highlights and Mid-Term Targets Update
Organic Sales out-performed the global LVP by ~15pp for the fourth quarter and ~1pp for the full year 2020
Veoneer and Qualcomm Technologies Inc. finalized an agreement in January 2021 where the companies will collaborate on the delivery of scalable Advanced Driver Assistance Systems (ADAS), Collaborative and Autonomous Driving (AD) solutions ....

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