News

FRANCE: Pernod Ricard's Q1 adds to Asia slowdown fears - analyst

Most popular

Interview - Pernod Ricard CFO Helene de Tissot

Pernod breaks boundaries with Chinese distillery

The just-drinks Analyst returns

just-drinks speaks to Pernod CEO Alex Ricard

just-drinks meets Asahi Europe's CEO - II

MORE

Fears of a slowdown in Asia will be reinforced by Pernod Ricard's "cautious" noises on the region, an analyst has warned. 

//i2.aroq.com/1/pernod.jpg

Earlier today (25 October), the French firm reported a first-quarter global sales rise of 5%, but pointed to "more moderate" growth in Asia's emerging markets. The company saw an organic sales uplift of 11% in Asia/Rest of the World.

Depite the double-digit rise, analysts Investec said it viewed the results as a "miss" on estimates that will "compound market fears on a slowdown in Asia".

It noted that Pernod said China is a "less favourable environment", while the Scotch whisky category has seen a slowdown in South Korea and Thailand, which are "structurally challenging markets". Investec noted this as "quite a change of tone to FY12" from Pernod. 

However, UBS said in a note that Pernod's Asia/ROW performance was in line with its estimates and China was up 18% year-on-year, against tough comparisons. 

Meanwhile, Investec noted "cautious" FY guidance from Pernod, adding: "Whether Pernod can repeat its tradtional trick of upgrading guidance at H1 remains to be seen". 


Sectors: Spirits, Wine

Companies: Pernod Ricard, Ricard

Related Content

Pernod Ricard Asia CEO calls for calm on China XO Cognac prices, cools social credit fears

Pernod Ricard Asia CEO calls for calm on China XO Cognac prices, cools social credit fears...

Younger consumers, NBA deal help return Pernod Ricard's Chivas to growth in Asia

Younger consumers, NBA deal help return Pernod Ricard's Chivas to growth in Asia ...

Pernod Ricard Capital Market Day 2018 - Asia overview - Focus

Pernod Ricard Capital Market Day 2018 - Asia overview - Focus...

Conor McGregor threatens Pernod Ricard's ambitions in Elliott Management Corp fight - Analysis

Conor McGregor threatens Pernod Ricard's ambitions in Elliott Management Corp fight - Analysis...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?