Pernod Ricard : Two months later, FY 2020 guidance still intact
>The guidance provided by the group on 24 March is still valid - On 24 March (before the market open), Pernod Ricard lowered its guidance and indicated that it was forecasting an underlying operating profit down on an organic basis by 20% over FY 2020. We understand that this guidance is still intact. It assumed 1/ in China: limited business in February/March and a slow recovery between April and June, 2/ in travel retail: 80% contraction between February and June and...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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