Pernod Ricard : A relatively uninspiring Q1 2024-25 for those who are waiting for the recovery
>Neutral rating maintained and target price unchanged at € 140 - To play the recovery in China and/or the US, investors will probably not favour the French spirits group, which is underexposed to these two markets compared to peers (30% of sales vs +40% for Diageo (Outperform) and +60% for Rémy Cointreau (Outperform)). In addition, its other growth drivers (India, Europe, emerging markets) are not yet fully playing their role in supporting growth in Q1 2024-25 when, a...Pernod Ricard produces and distributes wines and spirits. Co. produces aniseed products, vodka, whisky, cognac, rum, gin, liqueurs, champagnes and wines. Co.'s activity is organized around families of products built around brands. Its brands portfolio includes: ABSOLUT vodka, Ricard pastis, Ballantine's, Chivas Regal and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Kahlua and Malibu liqueurs, Mumm and Perrier-Jouet champagnes as well as Jacob's Creek and Brancott Estate wines. Co. is structured into four segments constituted by the following geographic regions: France, Europe (excluding France), Americas, Asia/Rest of the World.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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