September 7, 2009
just-drinks.com editor's weekly highlights
All new research into the global vodka markets is now available.
As we draw to the end of results season for another three months, the latest set of figures from Pernod Ricard last week neatly captured the difficulties faced by the wine and spirits industry over the last 12 months. While Pernod posted a lift in sales and profits for the year to the end of June, much of this can be credited to its purchase of Vin & Sprit, the owner of Absolut vodka, back in March last year.
Strip out Absolut's numbers, however, and sales on an organic basis in the year for Pernod slipped by 0.4%.
The acquisition trail has run dry in recent months and it will be interesting to see how companies perform in their current fiscal years, when they no longer have new additions to help give a welcome gloss to otherwise difficult numbers.
Elsewhere on the results front, Brown-Forman posted a higher-than-expected leap in profits for its first quarter. After listening in to the firm's conference call, we were lucky enough to grab half an hour with Brown-Forman's chairman and CEO, Paul Varga, who sounded upbeat, albeit realistic about the rest of the company's fiscal year.
Next week, meanwhile, sees the return of the monster of all drinks exhibitions, Drinktec, which takes place at the New Munich Trade Fair from 14 to 19 September. I went to Drinktec for the first time four years ago, and was blown away by the size of the event, which makes many an international exhibition I've been to look about the size of my kitchen.
This year, just-drinks will be there in force, so if you'd like us to call by and see your wares, email us at firstname.lastname@example.org.
Until next time...
Olly Wehring, Managing Editor
just-drinks can give you brand exposure to over 800 drinks buyers globally!
Yesterday (2 September), Brown-Forman posted a better-than-expected set of first quarter results. Company CEO, Paul Varga spoke exclusively to just-drinks yesterday afternoon, to explain the secret behind the wine and spirit firm's success, and his hopes for the next fiscal year.
With the drinks industry not always getting a good press, it really needs to make its case before governments and international organisations. As a result, effective lobbying is crucial for the drinks industry on the national and international political scale. Here just-drinks takes a look at how the drinks industry goes about its lobbying business and focuses on who takes its message to political power brokers around the world. It’s a tough job, but the rewards of an effective lobbying strategy can pay dividends many times over in terms of legislation that does not punish the sector and government policy that is realistic as well as effective.
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