Pernod Ricard SA

RI

Equity

ISIN FR0000120693 / Valor 508063

Euronext - Euronext Paris (2024-11-21)

EUR 106.65-1.02%

Pernod Ricard SA
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About company

Pernod Ricard SA is a leading global spirits and wine company that is committed to promoting responsible consumption of its products. The company is known for its wide range of popular brands and has a strong focus on supporting artists and contemporary artistic creation. Founded by Paul Ricard, Pernod Ricard continues to uphold its founder's mission while maintaining a strong presence in the global market for alcoholic beverages.

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

Revenue Growth

Pernod Ricard SA reported a strong performance for Q4 FY23, with net sales reaching €2,630 million, reflecting a 19% organic growth. This growth was driven by robust pricing actions and resilient volumes, which grew by 1%.

Profit from Recurring Operations

For FY23, Pernod Ricard SA's Profit from Recurring Operations (PRO) grew by 11% to €3,348 million. This increase was supported by a leading premium portfolio, excellent Revenue Growth Management, and operational efficiencies, which helped sustain the organic Gross Margin and expand the organic Operating Margin.

Net Profit

Pernod Ricard SA's group share of Net Profit for FY23 was €2,262 million, marking a 13% increase compared to FY22. This significant rise was attributed to the growth in Profit from Recurring Operations.

Cash Flow and Debt

In FY23, Pernod Ricard SA's Recurring Free Cash Flow reached €1,653 million. The company leveraged its strong cash generation to accelerate investments in future organic growth, including CAPEX and strategic inventories. Net debt increased to €10,273 million, influenced by significant M&A activity and other financial actions.

Outlook

Building on the strong performance in FY23, Pernod Ricard SA confidently reiterates its mid-term financial framework for FY23 to FY25, aiming for the upper end of 4% to 7% Net Sales growth and a 50 to 60 basis points operating margin expansion. Despite a challenging environment, the company anticipates broad-based and diversified Net Sales growth for FY24.

Summarized from source with an LLMView Source

Key figures

-35.7%1Y

-49.7%3Y

-36.2%5Y

Performance

23.0%1Y

22.7%3Y

22.7%5Y

Volatility