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Pernod Ricard SA (PERP.PA)

PERP.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Pernod Ricard boss tells Eliott his strategy is the right one
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Pernod Ricard SA statement in response to Eliott Management::SAYS VALUES CONSTRUCTIVE INPUT FROM ITS SHAREHOLDRS, TOWARDS THE SHARED GOAL OF ENHANCING LONG-TERM VALUE CREATION.SAYS PERNOD RICARD'S SENIOR MANAGEMENT TEAM HAVE HELD DISCUSSIONS WITH ELIOTT OVER PAST FEW WEEKS.SAYS BOARD OF DIRECTORS AND MANAGEMENT TEAM ARE COMMITTED TO ACTING IN THE BEST INTERESTS OF THE COMPANY.SAYS GROUP DETERMINED TO CONTINUE TO TRANSFORM AND ACCELERATE. GROUP TO COMMUNICATE ON FEB 7 ON NEW STRATEGY PLAN " TRANSFORM AND ACCELERATE".PERNOD RICARD SAYS BOARD COMPOSED of 14 HIGHLY QUALIFIED AND DIVERSE DIRECTORS.SAYS Company has demonstrated a commitment to board refreshment, having added three directors over the last three years and most recently Patricia Barbizet..CEO ALEXANDRE RICARD SAYS IN STATEMENT:" WE ARE A GROUP WITH STRONG FAMILY VALUES COMMITTED TO LONG-TERM VALUE CREATION".ALEXANDRE RICARD SAYS "LONG-TERM VALUE CREATION IS NOT MEASURED BY SHARE PRICE PERFORMANCE ALONE BUT ALSO TAKES INTO CONSIDERATION OTHER FACTORS".BOSS RICARD SAYS STRATEGY IS THE RIGHT ONE, COMPRISING SHORT-TERM PROFITABILITY AND SUSTAINABLE, PROFITABLE GROWTH UNDER LONG-TERM ROADMAP.  Full Article

Pernod says is in a long-term strategy of creating value
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Pernod Ricard SA spokesman tells Reuters::THE GROUP HAS EXCEEDED ITS SALES GROWTH TARGETS UNDER ITS 3YEAR STRATEGY PLAN.GROUP HAS CREATED 11 BILLIO EUROS IN VALUE IN LAST THREE YEARS.GROUP IS IN A LONG-TERM STRATEGY OF CREATING VALUE.Activist fund Elliott Management said earlier in the day that it has taken a stake of over 2.5 percent in the company and met its chief executive to discuss ways to improve its performance. [nL8N1YH1A3'.  Full Article

Pernod eyes low single digit sales growth in Europe mid-term
Thursday, 22 Mar 2018 

March 22 (Reuters) - Pernod Ricard Chairman and CEO for EMEA and LATAM Christian Porta tells analysts on a call: about the region::Medium and long-term ambition is for low single digit sales growth in Europe, expects more growth in Eastern Europe than in Western Europe.Medium and long-term ambition is for high-single digit to low double digit sales growth in Africa, Middle East..Pernod Ricard also wants to accelerate sales growth in LATAM in the medium and long-term."Very positive" over future growth prospects of tequila in the United States and outside the U.S..Says Mescal will be a focus for the group in Mexico, the U.S. as well as in European markets and in Africa..Says rising Agave prices have substantially increased costs for tequila. Thinks Agave prices are now not far from the top of the curve. Group trying to increase its prices in its top markets..Sales grew 7 pct in first half of FY 2017/18 in the EMEA & LATAM region, with emerging markets the key growth drivers thanks to an acceleration of A&P investment focused on strategic brands like Absolut, Chivas and Jameson. .A&P investment have increased by more than 40 percent since first half 2015 in emerging markets..  Full Article

Pernod Ricard Acquires Remaining Stake In Avión Tequila
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - PERNOD RICARD SA ::PERNOD RICARD ACQUIRES REMAINING STAKE IN AVIÓN TEQUILA.  Full Article

Pernod CEO says e-commerce makes less than 5 percent of sales
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Pernod Ricard CEO Alexandre Ricard tells the annual shareholders meeting::E-commerce currently makes less than 5 percent of group sales.There are no problems with the inventories of the group's brands .  Full Article

Pernod has financial leeway for deals of a significant size-CEO
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Pernod Ricard CEO Alexandre Ricard tells the annual shareholders meeting::Group has regained financial flexibility for making acquisitions of a significant size if the opportunity arose..Net debt to EBITDA level now below that reached before the acquisition of Absolut vodka in 2008.  Full Article

Pernod satisfied with Martell cognac inventory levels - CFO
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Pernod Ricard finance chief Gilles Boaert tells analysts::Says "very happy" with the inventory we have on Martell cognac, "we have the right supply to deliver on the ambition we have on Martell"..Says expects "tough" year in france after Q1 sales in France fell 4 percent.Says says California fires will have an impact on wine supply in the region, group production assets and wineyards in region are safe..  Full Article

GBL renews its support for Pernod Ricard's management

PARIS, Dec 13 Groupe Bruxelles Lambert (GBL) renewed its support for Pernod Ricard's management and strategy on Thursday after the French drinks group was targeted by activist fund Elliott Management.