The group says the slowdown comes because of the timing of new content, and there’s cautious optimism it will be able to reach the much needed 2.5m figure.
While a big content bill is to be expected, it would be good to see margin expectations of 19 – 20% remain intact.
A strong second half to last year, led by the performance of more premium brands like Moretti and Heineken, gives the group some momentum into 2022.
2022 will see the group expand its offerings in the more health-conscious beverage sector with products like Desperados Virgin Mojito and Lagunitas non-alcoholic IPA .
Sophie Lund-Yates, Equity Analyst “Tesla is another big-tech hitter releasing results next week, and the most attention will be paid to the outlook statement.
Declines are also being seen in the value of regulatory credits the group receives.
Last we heard, organic sales for 2022 are expected to grow around 5% and next week’s trading update should shed some light on whether that outlook remains intact.
Pricing rose 3.1% in the final quarter of last year, to offset some of the headwinds mentioned above.
With an interest in Stocks and Shares, Funds, ETFs and Commodities, his investment focus is medium to long term gains, with the objective of financial security on retirement, and building wealth for his young children for their adult life.