Pernod Ricard : Result above forecasts and of good quality at first glance
>Outperform maintained - Outperform rating maintained with a target price of € 217. This quality set of results underpins our view that the profitable growth model is resilient and well managed. Results beat forecasts essentially due to far higher organic growth than anticipated in Q4 but also, and above all, stronger forex effects. The Americas in Q4 (implicitly the US) could disappoint somewhat. However, this should be offset by the quality of results. Lastly, the ...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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