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Pernod Ricard SA (PERP.PA)

PERP.PA on Paris Stock Exchange

14 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Pernod eyes low single digit sales growth in Europe mid-term
Thursday, 22 Mar 2018 11:04am EDT 

March 22 (Reuters) - Pernod Ricard Chairman and CEO for EMEA and LATAM Christian Porta tells analysts on a call: about the region::Medium and long-term ambition is for low single digit sales growth in Europe, expects more growth in Eastern Europe than in Western Europe.Medium and long-term ambition is for high-single digit to low double digit sales growth in Africa, Middle East..Pernod Ricard also wants to accelerate sales growth in LATAM in the medium and long-term."Very positive" over future growth prospects of tequila in the United States and outside the U.S..Says Mescal will be a focus for the group in Mexico, the U.S. as well as in European markets and in Africa..Says rising Agave prices have substantially increased costs for tequila. Thinks Agave prices are now not far from the top of the curve. Group trying to increase its prices in its top markets..Sales grew 7 pct in first half of FY 2017/18 in the EMEA & LATAM region, with emerging markets the key growth drivers thanks to an acceleration of A&P investment focused on strategic brands like Absolut, Chivas and Jameson. .A&P investment have increased by more than 40 percent since first half 2015 in emerging markets..  Full Article

Pernod Ricard Acquires Remaining Stake In Avión Tequila
Wednesday, 17 Jan 2018 10:10am EST 


Pernod CEO says e-commerce makes less than 5 percent of sales
Thursday, 9 Nov 2017 10:10am EST 

Nov 9 (Reuters) - Pernod Ricard CEO Alexandre Ricard tells the annual shareholders meeting::E-commerce currently makes less than 5 percent of group sales.There are no problems with the inventories of the group's brands .  Full Article

Pernod has financial leeway for deals of a significant size-CEO
Thursday, 9 Nov 2017 09:54am EST 

Nov 9 (Reuters) - Pernod Ricard CEO Alexandre Ricard tells the annual shareholders meeting::Group has regained financial flexibility for making acquisitions of a significant size if the opportunity arose..Net debt to EBITDA level now below that reached before the acquisition of Absolut vodka in 2008.  Full Article

Pernod satisfied with Martell cognac inventory levels - CFO
Thursday, 19 Oct 2017 03:57am EDT 

Oct 19 (Reuters) - Pernod Ricard finance chief Gilles Boaert tells analysts::Says "very happy" with the inventory we have on Martell cognac, "we have the right supply to deliver on the ambition we have on Martell"..Says expects "tough" year in france after Q1 sales in France fell 4 percent.Says says California fires will have an impact on wine supply in the region, group production assets and wineyards in region are safe..  Full Article


Pernod Ricard cautions of slower growth after stellar quarter

PARIS Demand in China and India powered a 10.4 percent rise in quarterly sales for France's Pernod Ricard , helping the maker of Absolut vodka and Martell cognac offset slower progress in its main U.S. market.