Pernod Ricard : Q1 24-25 revenues lower than expected: a fairly inauspicious start
>Neutral rating and € 140 target price unchanged - We maintain our Neutral rating on Pernod Ricard and our € 140 target price. To play the upturn in the spirits market, investors are unlikely to focus on Pernod Ricard, which is less exposed to key markets (US and China) than its peers in the sector. Moreover, in the current context, adjacent markets, which generally help offset tougher conditions elsewhere, are not playing this role, as evidenced by their performance ...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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