Pernod Ricard : We have raised our FY 2019-20 estimates in line with the guidance upgrade
>FY 2019-20 underlying EBIT to decline by -15% on an organic basis vs -20% before - In the wake of the trading update issued by the group yesterday, we have increased our forecasts for sales and (particularly) EBIT in FY 2019-20. In the press release issued yesterday morning, the company said that off-trade distribution networks (i.e. at-home consumption) in the US and western Europe had fared better than it had anticipated at the time of the profit warning at end-Ma...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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