Good underlying performance driven by Asia (notably China and India) but also a stable US. Guidance suggests that the group expects in FY19 at least a similar performance to this year. Our Add recommendation is maintained, although we see some cuts linked to the FX headwinds.
29 Aug 2018
FY in line; momentum is maintained
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FY in line; momentum is maintained
Pernod Ricard SA (RI:WBO) | 0 0 2.2% | Mkt Cap: 35,633m
- Published:
29 Aug 2018 -
Author:
Anna Zyniewicz -
Pages:
3
Good underlying performance driven by Asia (notably China and India) but also a stable US. Guidance suggests that the group expects in FY19 at least a similar performance to this year. Our Add recommendation is maintained, although we see some cuts linked to the FX headwinds.