Pernod Ricard SA (EU:RNO) is on track to meet its medium-term cash conversion objective in 2026, a year earlier than originally anticipated, Chief Financial Officer Hélène de Tissot said.
The French spirits group has also scaled back its planned strategic investments for fiscal 2026. Chief Executive Officer Alexandre Ricard stated that spending will now total around €750 million, compared with the €900 million previously projected.
The revised investment plan marks a €150 million reduction versus earlier guidance, a move that could strengthen the company’s cash generation and provide greater flexibility in allocating capital as it prioritises balance sheet improvement.
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