Very strong underlying performance (Q3: +9.3%) on the back of China, India and Travel retail. Q4 is expected to be weaker notably in China. The increase in the dividend distribution should please investors. We see little change to our target price as stronger FX headwinds weigh on the reported figures.
19 Apr 2018
Q3: surfs on China, India and Travel retail
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Q3: surfs on China, India and Travel retail
Pernod Ricard SA (RI:WBO) | 0 0 2.2% | Mkt Cap: 35,633m
- Published:
19 Apr 2018 -
Author:
Anna Zyniewicz -
Pages:
2
Very strong underlying performance (Q3: +9.3%) on the back of China, India and Travel retail. Q4 is expected to be weaker notably in China. The increase in the dividend distribution should please investors. We see little change to our target price as stronger FX headwinds weigh on the reported figures.