Pernod Ricard: UBS remains neutral after the results


UBS confirms its neutral advice on the value with a target of 196 E after the announcement of the results.

The group published a net result group share of two billion euros for the 2021-22 financial year, up 53% in face value, and a ROC (current operating result) up 25% to 3.02 billion. (+19% internally).

‘BPA is about 3% higher than the Visible Alpha consensus,’ UBS says. ‘Pernod delivered a better than expected performance for FY22 and signaled a ‘good start’ for the first quarter 23′.

For the 2022-23 financial year, management expects dynamic and diversified growth in turnover, and a share buyback program of 500 to 750 million euros will be implemented.

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