Pernod Ricard shares were higher today after the French spirits group said it would book an additional $163m in income before tax in its 2021 earnings.
The world's second-biggest spirits group after Diageo said it could make a claim on spirits exported from the United States.
This comes after a US Appeals Court ruled in favour of the National Association of Manufacturers on tax refunding on exported goods.
It said the ruling means it can book an additional profit before tax of $163m of which $33m is profit from recurring operations.
That represents about 1% of organic growth, the Irish Distillers owner said.
