Strong start to the year driven by China and India which were partially helped by technical factors (GST, sell-in ahead of festive season in China). However, the US and Europe were below expectations. Q2 is expected to be driven by CNY, whereas growth should return to much more moderate levels in H2. As a consequence, the enthusiasm in the stock could be more tempered (especially in the light of a potential slowdown in China reported by the luxury sector).
18 Oct 2018
Q1: Strong start to the year
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Q1: Strong start to the year
Pernod Ricard SA (RI:WBO) | 0 0 2.2% | Mkt Cap: 35,633m
- Published:
18 Oct 2018 -
Author:
Anna Zyniewicz -
Pages:
2
Strong start to the year driven by China and India which were partially helped by technical factors (GST, sell-in ahead of festive season in China). However, the US and Europe were below expectations. Q2 is expected to be driven by CNY, whereas growth should return to much more moderate levels in H2. As a consequence, the enthusiasm in the stock could be more tempered (especially in the light of a potential slowdown in China reported by the luxury sector).