Report
Arnaud Autier ...
  • Pierre Tegner

Pernod Ricard : North America division presentation feedback

>Outperform maintained with TP unchanged at € 190 - Outperform reiterated and target price maintained at € 190. Valuation at 17x PE NTM is still attractive on a quality stock like Pernod Ricard. The growth recovery has been further delayed but the sequential improvement of group performance is a sign that the worst is behind. Conor McQuaid, the new North America division CEO held a presentation this morning to present the division and its perspectives. Reassuring mess...
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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