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Pernod Ricard SA (OTCPK:PDRDF) Q4 2022 Earnings Conference Call September 1, 2022 3:00 AM ET Company Participants Florence Tresarrieu - IR Alexandre Ricard - Chairman and CEO Hélène de Tissot - EVP, Finance, Operations and IT Conference Call Participants Simon Hales - Citi Ed Mundy - Jefferies Olivier Nicolai - Goldman Sachs Laurence Whyatt - Barclays Sanjeet Aujla - Credit Suisse Chris Pitcher - Redburn Mitch Collett - Deutsche Bank Jeremy Fialko - HSBC Operator Good day, ladies and gentlemen, and welcome to Pernod Ricard 2022 Full Year Sales and Results Conference Call. At this time, all participants are in a listen-only mode.

Pernod Ricard SA on Thursday said that it would buy back up to 750 million euros ($754.1 million) in shares after it reported a jump in sales and profit for fiscal year 2022.

Pernod Ricard on Thursday posted a stronger-than-expected 19% organic rise in its full-year 2021/22 operating profit, driven by strong demand for its premium spirits in Europe, China and the United States and cost control.

Pernod Ricard's diversified brand portfolio positions it for secular growth through the cycles. In the near term, Pernod's pricing power allows it to defend margins in the face of inflationary pressures.

French spirits group Pernod Ricard said on Wednesday it was banking on digital initiatives, its portfolio of high-end brands and its distribution network to accelerate sales growth over the mid-term.

French spirits maker Pernod Ricard expects the coming weeks in China to remain difficult amid restrictions tied to the COVID-19 crisis in the country, its Chief Financial Officer told Reuters on Thursday.

By Joshua Kirby

French spirits group Pernod Ricard said strong demand in its key U.S., Chinese and European markets drove a 20% jump in organic sales in the third quarter of its 2021/2022 fiscal year, beating analysts' forecasts.