Pernod Ricard CFO Says He’s Not in Favor of Border Tax

The transcript covers a range of topics including business resilience amidst global changes like Brexit and the election of Donald Trump, recent acquisitions and portfolio management strategies, the potential impact of the border adjustment tax, political changes and their impact on business strategy, marketing strategy focusing on premium brands and consumer trends, and the economic impact of immigration. The discussion highlights the company's adaptability and strategic focus on growth despite uncertainties in the global environment.

What is the company's growth target for the full year despite global uncertainties?

• 4% to 6%

• 3% to 5%

• 2% to 4%

• 1% to 3%

What is the company's current strategy regarding acquisitions?

• Acquiring only local brands

• Focusing on large-scale acquisitions

• Targeted disposals and partnerships

• Avoiding any new acquisitions

How does the company view the potential impact of the border adjustment tax?

• It will benefit consumers

• It will have no impact

• It will increase consumer costs

• It will reduce inflation

What is the company's stance on the origin of its products?

• Origin is crucial and cannot be changed

• Origin is not important

• Origin can be adjusted for cost savings

• Origin is only important for certain products

How does the company plan to adapt its marketing strategy in response to political changes?

• By reducing marketing efforts

• By emphasizing premium brands

• By focusing on low-cost products

• By targeting only local markets

What is the company's approach to dealing with economic inequality and populism?

• Ignoring these trends

• Focusing on premiumization

• Targeting only wealthy consumers

• Reducing product quality

What percentage of the company's sales does France represent?

• 7%

• 5%

• 15%

• 10%