Pernod Ricard : FY 2022-23 slightly better than expected l-f-l (sales and underlying operating profit). But negative forex effect weighed on EPS growth (+11% vs +15%e)
>Negative reaction expected - Outperform rating maintained with a target price of € 217. With a PER < 20x for the financial year that has just started (ending in June 2024), the stock remains the most accessible of the pure players of Food Spirits HPC both in Europe and the US. The results for the financial year to end-June 2023 are slightly better than expected in organic terms (sales at +10% and underlying operating profit at +11%). But underlying diluted EPS c...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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