Pernod Ricard SA
F:PER0

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Pernod Ricard SA Logo
Pernod Ricard SA
F:PER0
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Price: 15.1 EUR 1.34% Market Closed
Market Cap: 19.1B EUR

Pernod Ricard SA
Investor Relations

Pernod Ricard SA, a stalwart in the global spirits industry, has its roots deeply entrenched in the tradition of French alcoholic beverages. Born from the merger of two well-known French anise-based spirit companies, Pernod and Ricard, in 1975, the company has grown into a formidable player in the international market. Pernod Ricard's journey is a tale of strategic vision and expansion, marked by a series of astute acquisitions. From bringing Chivas Brothers and Jameson Irish Whiskey into its fold to adding Malibu Rum and Absolut Vodka, the company has leveraged both organic growth and smart acquisitions to craft a diverse portfolio that appeals to a wide range of tastes and preferences.

The company's operational ethos revolves around building iconic brand narratives and tapping into the premiumization trend—consumers' increasing willingness to pay for superior quality and craftsmanship in their alcoholic drinks. Pernod Ricard earns its revenue by producing and distributing its renowned brands across virtually every continent, with a robust distribution network fostering both on-premise and off-premise sales. This involves selling directly to retailers, bars, and restaurants, as well as through wholesalers who help navigate complex local regulations worldwide. Moreover, the company invests heavily in marketing and brand storytelling, capitalizing on its brands' heritage and aspirational qualities that resonate with consumers seeking luxury experiences. Through this multifaceted approach, Pernod Ricard has positioned itself as not just a purveyor of spirits, but a creator of global moments of conviviality.

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Last Earnings Call
Fiscal Period
Q3 2024
Call Date
Apr 25, 2024
AI Summary
Q3 2024

Volumes Return to Growth: Q3 volumes grew by about 1% after four semesters of decline, signaling improving momentum.

Mixed Regional Performance: India and Travel Retail posted strong growth, while the U.S. and China remained weak, with U.S. net sales down 8% and China impacted by a challenging macro environment.

Inventory Adjustments: U.S. inventory reductions continued in Q3 at both retail and wholesale levels and are expected to persist into fiscal 2025.

Margin Expansion Confidence: Management expects to deliver about 1% organic operating profit growth for the full year, driven by top line acceleration, operational efficiencies, and cost control.

Flat Full Year Sales Guidance: Pernod Ricard reiterated guidance for broadly stable organic net sales for FY24, with stronger Q4 expected to offset earlier declines.

Brand Investment: A&P spend is being maintained at around 16% of sales, with even higher investment in the U.S., as the company leans into brand activation and digital initiatives.

Positive Long-Term Outlook: Management remains confident in the medium-term growth framework of 4–7% organic sales growth and 60bps operating leverage.

Key Financials
Organic Net Sales (9 months)
-2%
Q3 Volume Growth
1%
U.S. Net Sales (YTD)
-8%
India Net Sales (Q3)
8%
Global Travel Retail Net Sales (Q3)
39%
Global Travel Retail Net Sales (YTD)
5%
Organic Operating Profit Growth
1%
A&P Investment as % of Sales
16%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Alexandre Ricard
CEO & Chairman
No Bio Available
Ms. Helene de Tissot
Executive Vice President of Finance & IT
No Bio Available
Ms. Maria Pia De Caro
Executive VP of Integrated Operations and S&R
No Bio Available
Ms. Florence Tresarrieu
Global Senior VP of Investors Relations & Treasury
No Bio Available
Ms. Anne-Marie Poliquin
Executive Vice President of Legal & Compliance
No Bio Available
Mr. Eric Benoist
Global Marketing & Commercial Director
No Bio Available
Mr. Cédric Ramat
Executive VP of Human Resources
No Bio Available
Mr. Gilles Bogaert
Executive Vice President of Global Markets
No Bio Available
Mr. Jérôme Cottin-Bizonne
Managing Director of Pernod Ricard China
No Bio Available
Mr. Philippe Guettat
Executive Vice President of Global Brands
No Bio Available

Contacts

Address
ILE-DE-FRANCE
Paris
5 Cours Paul Ricard, Paris Cedex 08
Contacts