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.
16.0%
Portfolio value 12/31/2023
17.4%
Net dividend 12/31/2023
Investment case
The spirits market is supported by favorable long-term trends, in particular:
- An expanding urban population, especially in emerging markets
- Growing market share at the expense of 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
- Leading positions in categories such as cognac, whisky and rum
- Numerous high-potential brands, including from recent acquisitions
- Systematic trading up thanks to its superior-quality and innovative products
- Unique geographical exposure with twin engines of growth in China and India
After several years of focus on deleveraging, Pernod Ricard has enhanced its shareholder returns through an increased payout ratio and a share buyback program.
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Board of Directors 1/15*
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Strategic Committee 1/6*
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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 Governance information is dated 12/31/2023, except where superseded by more recent public disclosures.