Drinks group Pernod sees 20% hit to operating profit due to coronavirus

PARIS (Reuters) - French spirits group Pernod Ricard warned on Tuesday that it expected a hit of around 20% to its current operating profits as a result of the slump in business caused by the global coronavirus crisis.Pernod added it had a solid financial position to be able to cope with the impact of the outbreak, and that it had 3.4 billion euros (3.18 billion pounds) available in credit lines.