Report
Arnaud Autier ...
  • Pierre Tegner

Pernod Ricard : 2024-25 EPS revised down 3% after the publication of Q1 2024-25 sales

>Neutral rating and € 140 target price unchanged - We maintain our Neutral rating on the stock with our target price unchanged at € 140. The valuation at 16x NTM P/E leaves limited downside and some may be tempted see this as an attractive entry point. However, the group has still to return to growth, despite a diversified geographical footprint. Q1 2024-25 results show that the markets that were supposed to offset the decline in the US and China failed to play their ...
Underlying
Pernod Ricard SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Arnaud Autier

Pierre Tegner

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