Pernod Ricard: Oddo confirms rating after results
(CercleFinance.com) - The group reported 2018/19 revenue of 9,182 million euros, up 5.
3% as reported and up 6% in organic terms.
Oddo says that the group reported higher organic growth than expected in the fourth quarter at 5%, against the consensus' expectation of +4%.
Following this publication, Oddo confirms its buy rating on the share, along with its target price of 180 euros.
The group's 2018/19 underlying OP rose by 9.5% to 2581 million euros. Organic growth came in above expectations at +8.7%, against the consensus of +8%, its highest level since 2012, Oddo points out.
The group expects between 5% and 7% organic growth in 2019/20 EBIT. This is below the consensus, which was expecting +8%.
The broker still thinks that the group easily has the ability to reach its MT objectives, including LFL sales growth of between +4% and 7%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
3% as reported and up 6% in organic terms.
Oddo says that the group reported higher organic growth than expected in the fourth quarter at 5%, against the consensus' expectation of +4%.
Following this publication, Oddo confirms its buy rating on the share, along with its target price of 180 euros.
The group's 2018/19 underlying OP rose by 9.5% to 2581 million euros. Organic growth came in above expectations at +8.7%, against the consensus of +8%, its highest level since 2012, Oddo points out.
The group expects between 5% and 7% organic growth in 2019/20 EBIT. This is below the consensus, which was expecting +8%.
The broker still thinks that the group easily has the ability to reach its MT objectives, including LFL sales growth of between +4% and 7%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.