Pernod Ricard : Slowdown in Q3, but potential for operating improvements is intact
>The group can beat its guidance - The group is due to report its Q3 sales on 18 April. Beyond the slowdown in Q3, we believe that the group can beat its guidance, due notably to the strong profitability of its US subsidiary. We now expect a group operating margin of 30% in FY 20211e22. The group is likely to produce a stream of good news over the next 18 months. Given the expected improvement in the group’s operating performances and returns to shareholders generally,...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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