Pernod Ricard : Un T1 24/25 peu engageant pour qui attend la reprise
>Neutre maintenu et OC maintenu à 140 € - Pour jouer la reprise en Chine et/ou aux US, les investisseurs ne privilégieront sans doute pas le groupe de spiritueux français, sous-exposé à ses deux marchés par rapport à ses pairs (30% du CA vs +40% pour Diageo (Surperformance) et +60% pour Rémy Cointreau (surperformance)). En outre, ses autres moteurs de croissance (Inde, Europe, émergents) ne jouent pas encore pleinement leur rôle de soutien à la croissance au T1 24/25 ...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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