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UBS has lowered its target price for Pernod Ricard to €118 from €122, citing expectations of weak sales with Q2/H1 organic sales projected at -2.9%/-4.3%. Despite this, the company remains optimistic about returning to organic sales growth in the 2024-25 financial year, aiming for a recovery in volumes and stable operating margins.
UBS has lowered its target price for Pernod Ricard to €118 from €122, citing expectations of weak sales with Q2/H1 organic sales projected at -2.9/-4.3%. The firm anticipates a decline in margins, leading to an H1 organic EBIT of -6.3%. Despite this, Pernod Ricard remains optimistic about returning to organic sales growth in the 2024-25 financial year.
Pernod Ricard, the leading global producer of premium wines and spirits, reported a product sales breakdown with 61.8% from strategic international brands, including Absolut and Jameson. Local strategic brands account for 18.2%, specialty craft spirits 7.3%, and strategic wines 3.6%. As of June 2024, the company operates 94 production sites worldwide, with sales distributed across Europe (28.3%), the Americas (28.8%), and other regions (42.9%).
UBS has lowered its target price for Pernod Ricard, as reported by Cercle Finance and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA acting solely as a distribution channel and maintaining a conflict of interest management policy. The institution confirms no financial ties or conflicts that could influence the objectivity of the analysis.
UBS has lowered its target price for Pernod Ricard to €118 from €122, citing expectations of weak sales and margins. The analyst forecasts Q2/H1 organic sales declines of -2.9%/-4.3%, with H1 organic EBIT down by -6.3%. Despite this, Pernod Ricard remains optimistic about returning to organic sales growth in the 2024-25 financial year.
Pernod Ricard, the leading global producer of premium spirits and wines, reported net sales with 61.8% from strategic international brands, including Absolut and Jameson. Local brands account for 18.2%, craft spirits 7.3%, and strategic wines 3.6%. The company operates 94 production sites worldwide, with sales distributed across Europe (28.3%), the Americas (28.8%), and other regions (42.9%).
Pernod Ricard, the leading producer of premium wines and spirits, reports that 61.8% of its sales come from strategic international brands, with Absolut and Jameson being top sellers. The company operates 94 production sites globally, with sales distributed across Europe (28.3%), the Americas (28.8%), and other regions (42.9%).
UBS has lowered its target price for Pernod Ricard to 118 euros, maintaining a 'Neutral' rating. The company, a leader in premium and prestige spirits and wines, generates net sales primarily from international brands like Absolut and Jameson, with a significant global presence across 94 production sites. Geographically, sales are distributed with 28.3% in Europe, 28.8% in America, and 42.9% in other regions.
UBS has reduced its price target for Pernod Ricard from 122 to 118 euros, maintaining a "Neutral" rating ahead of the company's second fiscal quarter results due on February 13. Analyst Sanjeet Aujla anticipates a 2.9 percent decline in organic growth, which is worse than market expectations.
UBS has reduced its price target for Pernod Ricard from 138 to 122 euros while maintaining a "Neutral" rating. Analyst Sanjeet Aujla noted that for the spirits producer's market performance to improve, investors need to gain confidence in growth and market share trends in the US and China.
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