Sentences with phrase «offset currency headwinds»
Net profit rose 17 percent to 542 million euros ($ 650 million), ahead analysts average forecast of 510 million euros as higher prices helped offset currency headwinds and an increase in marketing spending.
https://www.cnbc.com/ Not exact matches
Although the company is likely to have gained market share, any upside surprise may be offset on a reported basis by an expected currency headwind, Benchmark's Dan Kurnos said in a report.