Pernod Ricard : Q3 sales better than forecast, despite sharp decline in China and travel retail
>Better-than-expected Q3 sales - Pernod Ricard this morning reported Q3 2019-20 sales (January-March 2020) of € 1.736bn, down 13.3% on Q3 2018-19. Sales came in 3% ahead of the consensus (€ 1.685bn). In organic terms, the fall works out at 14.5% y-o-y (vs -15.9% expected by the consensus). The scope effect is positive at +1% in Q1, while there was zero currency effect in the quarter. Nice surprises in Americas and Asia divisions - Q3 sales beat expect...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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