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Arnaud Autier ...
  • Pierre Tegner

Pernod Ricard : Résultats 23/24 en ligne ; ajustement baissier des perspectives au T1 24/25

>Neutre maintenu avec un OC inchangé à 145 € - Nous maintenons notre opinion Neutre sur le titre Pernod Ricard et notre OC à 145 €. Nous comprenons que la valorisation puisse être perçue comme un point d’entrée attrayant à 15x de PE NTM pour un groupe de qualité comme Pernod Ricard. Néanmoins, les incertitudes sur la trajectoire et le timing de la reprise de la croissance courant FY 24/25e aux USA (20% du CA groupe) et en Chine (10%) nous invitent à la prudence. Les r...
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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