PERNOD RICARD : Oddo BHF revises its estimates
The analyst believes that the return to growth is slow in coming and tends to be postponed quarter after quarter.
Taking into account a less favorable consumer environment in China and destocking in the US, we are lowering our FY 23/24 organic growth estimates. We now expect -1.1% vs -0.2% previously. We are also updating our perimeter effect on ROC and are adjusting our FY 23/24th EPS by -0.2%', says the analyst firm.
Despite the expected decline in the USA and stability in China, we expect organic sales growth of +0.4% for the Group in Q3 23/24.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Go to the original article.
Contact us to request a correction