Report
Virginie Roumage

PERNOD RICARD: Disappointing Q3 organic sales growth | NEUTRAL | EUR167

PERNOD RICARD - NEUTRAL | EUR167(+5%)
Disappointing Q3 organic sales growth

2.5% organic sales growth in Q3
Asia-ROW: timing of the CNY hurting Q3 sales in China
Americas: penalized by the US
Europe: penalized by the delisting in France and Germany
Unchanged estimates for the full year
Underlying
Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Virginie Roumage

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