Pernod Ricard SA

RI

Equity

ISIN FR0000120693 / Valor 508063

Euronext - Euronext Paris (2025-11-14)

EUR 81.74-0.54%

Pernod Ricard SA
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About company

Pernod Ricard SA is a leading global producer and distributor of wines and spirits, known for its extensive portfolio of premium brands. The company, headquartered in Paris, France, operates in over 160 countries and is recognized for its diverse range of products, including well-known names such as Absolut Vodka, Chivas Regal, Jameson Irish Whiskey, and Martell Cognac. Pernod Ricard's business model focuses on the production, marketing, and distribution of its products, leveraging a decentralized organizational structure to adapt to local markets while maintaining a strong global presence. The company emphasizes innovation and strategic acquisitions to expand its brand portfolio and market reach, positioning itself as a key player in the alcoholic beverage industry.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Sales Performance

FY25 Net Sales amounted to €10,959 million, reflecting an organic decline of -3.0% (-5.5% reported). The decline was primarily driven by negative FX impacts and sales reductions in China, the USA, and GTR Asia. However, many markets exhibited resilient to strong growth, allowing Pernod Ricard to gain or maintain market share in most regions.

Regional Highlights

In the Americas, the USA saw a -6% decline, while Canada and Brazil experienced strong growth, boosting market share. Asia-RoW faced a -4% decline overall, with India showing robust +6% growth driven by premiumisation trends. Europe maintained flat sales excluding Russia, with dynamic performances in Eastern Europe and growth in France.

Profitability and Margins

FY25 Profit from Recurring Operations stood at €2,951 million, an organic decline of -0.8% (-5.3% reported). The company achieved a +64bps expansion in organic operating margin, supported by a completed €900 million efficiency program and strong cost discipline. Despite adverse FX impacts, operating margins were sustained.

Free Cash Flow and Debt

Free Cash Flow reached €1.133 billion, an increase of €170 million compared to FY24, driven by improved Operating Working Capital management. Net debt decreased by €224 million to €10.727 billion. The Net Debt/EBITDA ratio rose to 3.3x due to negative FX impacts on profit from recurring operations.

Dividend Proposal

Pernod Ricard SA proposed a stable dividend of €4.70 per share for FY25, consistent with FY24, subject to shareholder approval at the Annual General Meeting on 27th October 2025.

Summarized from source with an LLMView Source

Key figures

-26.1%1Y

-56.6%3Y

-48.5%5Y

Performance

26.7%1Y

23.3%3Y

22.7%5Y

Volatility