Profile
Since its inception in 1975, Pernod Ricard has built up the most premium portfolio in the industry and has become the world’s number two player in the Wine & Spirits market through organic growth as well as transformational and tuck-in acquisitions. The portfolio includes strategic international and local brands along with specialty brands that the group produces and distributes through its own worldwide distribution network.
16.7 %
Portfolio value 12/31/2022
20.8 %
Net dividend 12/31/2022
Investment case
The spirits market is supported by favorable long-term trends, in particular:
- Expanding urban population, especially in emerging markets
- Growing market share compared to beer
- Premiumization by consumers.
Pernod Ricard has a steady and diversified growth and profitability profile:
- Number two player worldwide with one of the industry’s most complete brand portfolios
- Systematic upmarket move thanks to its superior quality and innovative products
- Numerous high potential brands, including recent successful acquisitions
- Leading positions in categories such as cognac, whisky and rum
- Unique geographical exposure with twin-engines of growth in China and India.
After several years of focus on deleveraging, Pernod Ricard has increased its shareholder returns through an increased payout ratio and a share buyback program.
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Board of Directors 1/14*
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Strategic Committee 1/10*
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Compensation Committee 1/4*
- Board of Directors Strategic Committee Compensation Committee
* Number of GBL's representatives in statutory bodies in relation to the total number of members. Governance information is dated 12/31/2021, except where superseded by more recent public disclosures.