Report
Pierre Tegner

Pernod Ricard : CA T3 à +19.6% en lfl bien au-dessus des attentes. Guidance de ROC à +17% en lfl pour l’exercice en cours

>Surperformance maintenu - Surperformance maintenu. Nous pensons que le rerating des 3 dernières années est largement justifié par le degré de concentration stratégique combiné à une empreinte opérationnelle diversifiée qui permet à Pernod Ricard de s’adapter aux changements de tendance en proposant le bon produit, au bon moment, sur le bon canal, au bon prix et avec la bonne marque. En outre, la décote de plus de 10% en PE 12 mfwd vs Diageo est assez inédite depuis ...
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
Pierre Tegner

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