PMI: Business Update

Share on facebook
Share on twitter
Share on email
Share on whatsapp
Share on linkedin

June 2024: Revised FY24 Guidance

At the DB Global Consumer Conference, PMI provided a revised FY24 forecast (for the currency only):

– Diluted EPS in a range of $5.77 to $5.89, at prevailing exchange rates (increased by $0.07)

– Adjusted diluted EPS in a range of $6.26 to $6.38 (excluding a total adjustment of $0.49 per share), representing a projected increase of 4.2% to 6.2% versus $6.01 in 2023 (adjustments remain unchanged)

– Unfavorable currency impact reduced $0.07 from $0.36 to $0.29 per share

– Adjusted diluted EPS, ex-currency in a range of $6.55 to $6.67, representing a projected increase of 9% to 11% versus $6.01 in 2023 (remains unchanged)

– Underlying assumptions remain unchanged versus the Q1 2024 earning release of April 23, 2024

– On track for strong H1 2024 and FY24 performance: focused on delivering growth in organic and US$ terms

PMI also stated that

– raising bonds could be a problem if they were not so active in transformation to RRPs and there a number of lenders lending money on a framework that links the rates to the success in transformation to the RRPs

– nowadays, a number of lenders define a new role for themselves: encouraging businesses to transform into one that is sustainable and profitable over a long period of time (- traditionally a role played by the shareholders).

Call Request:
Reports

We will reach out to you within 24 hours to discuss your request. Please note that we only respond to requests with a valid business e-mail address
Disclaimer: The content in our Market Pulse section is/shall not be construed as investment advice. It is for informative purposes only and does not take into account the individual needs, investment objectives and specific financial circumstances. Any action taken upon the information in our Market Pulse section is strictly at the reader’s own risk. We assume no responsibility or liability for the actions taken. Moreover, we also assume no responsibility or liability for any errors or omissions in our content – which is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness or timeliness even if we only depend on the infromation sources that are believed to be accurate.

Consultation
Session Request

We will reach out to you within 24 hours to discuss your request. Please note that we only respond to requests with a valid business e-mail address