Pernod Ricard will announce its fiscal-2016 results on Thursday

Pernod Ricard will announce its fiscal-2016 results on Thursday

On Thursday (1 September), Pernod Ricard will report its full-year results. Here, just-drinks takes a look at how the group has fared in its fourth quarter, the three months to the end of June.

  • The quarter kicked off with news that Pernod was creating a new senior commercial position in the US. Julien Hémard, who previously headed up the Pacific region for the group, was lined up to become the US chief commercial officer for spirits. Hémard assumed the position on 1 July.

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In the six months to the end of December:

  • Net profits were up by 13% to EUR896m (US$1.01bn)
  • Net sales increased by 7% to EUR4.96bn
  • Operating profits rose 6% to EUR1.44bn
  • Pernod confirmed full-year operating profits guidance of +1% to +3%