Pernod Ricard : FY 2019-20 guidance upgraded
>The group now expects an organic decline of 15%e (vs 20%) in underlying EBIT - Pernod Ricard this morning issued a press release in which it upgraded its FY 2019-20 guidance regarding underlying EBIT: it now expects an organic decline in underlying EBIT for FY 2019-20 of -15% vs -20% previously.The group indicated that a more resilient showing from off-trade sales (i.e. at-home consumption) in the US and western Europe and the cost-cutting measures put in place ...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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