We give our thoughts on what to expect from companies announcing results week commencing 25 January 2021.
Companies reporting w/c 25 January
Diageo Plc: Q2 2021 Earnings Release
Last year, spirits producer Diageo reported the pandemic had led to consumers buying more products in order to make cocktails at home, helping to offset the impact on its on-trade sales to bars and restaurants, which naturally suffered from the lockdowns. Sales in the key North American market have been resilient, but investors will be watching those numbers carefully in this update. In September, the Company reported a good start to its new financial year, but the market will be looking at certain key emerging markets such as Nigeria and South Africa, which have seen some weakness in recent times. Diageo has continued to add new brands to its long list of household names, the latest being the Chase Distillery with its gin and vodka products. Any comments on the impact of the new UK-EU trade deal will also be of interest.
Intermediate Capital Group Plc: Q3 2021 Sales and Revenue Release – Trading Update
This is a global alternative asset management group, managing money in private debt, credit and equity mostly in closed end funds. They operate across four asset classes: corporate, capital markets, real assets and private equity solutions. In recent months, the share price has recovered back to pre-pandemic levels. Investors will be keen to see how the Group has performed recently and regarding any comments on the year ahead.
Tate & Lyle Plc: Q3 2021 Sales and Revenue Release – Trading Statement
The Group operates through two divisions: Primary Products (predominantly North America), and Food and Beverage Solutions (food ingredients, including Sucralose), which produces corn syrup sweeteners used by soft drink manufacturers, liquid sweeteners, starch, ethanol and other products. The latter has been the stand-out division of late. Despite results in November beating expectations, the share price has trended sideways since April.
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