Here, courtesy of analysts UBS, is a snapshot of the French wine & spirits group, Pernod Ricard.
- Pernod Ricard is the second-largest spirits company globally after Diageo
- The US accounts for 19% of its EBIT, followed by China (12%) and France (9%)
- Pernod’s organic growth benefits from its high exposure to emerging Asia, and a wide portfolio of premium spirits
- Although Pernod does not have a Tequila or US whisky brand, the current gearing of circa 4x net debt/EBITDA should prevent the company from being a part of any major acquisition for the foreseeable future
- Free float is about 77% as the Ricard family and Groupe Bruxelles Lambert (GBL) own 15% and 7.5% stakes, respectively. GBL sold down a 2.3% stake in March 2012.
Stay informed for just £1! *
Get access to unbiased and data-driven news with a subscription to Just Drinks.
What’s included in your subscription:
- Unlimited access to Just Drinks content including daily global news, in-depth analysis, and interviews with C-suite executives
- Unbeatable coverage of categories from beer, wine and spirits to soft drinks and hot
beverages - Unrivalled drinks industry comment from Dean Best, Jessica Broadbent and leading sector specialists
Have a Subscribtion Sign in
Go deeper with GlobalData
Get help with subscribing or signing in
*30-day digital subscription for £1. Available to new subscribers only
