FRANCE: Martell, Glenlivet, Perrier-Jouet shine in Pernod Ricard Q1, but sales growth slows

By | 25 October 2012

  • Net sales in Q1 rise by 5% to EUR2.2bn (US$2.86bn)
  • Asia/RoW delivers "moderate" growth in three months to end of September, up by 11%
  • US provides double-digit sales rise
  • Targets FY profits growth of 6% for fiscal 2012/13
Pernod Ricard released its Q1 sales results earlier today

Pernod Ricard released its Q1 sales results earlier today

A healthy jump in sales in the US has helped balance a less impressive performance in Asia for Pernod Ricard in its fiscal first quarter.

The Paris-headquartered group said today (25 October) that group net sales rose by 5% to EUR2.2bn (US$2.86bn) in the three months to the end of September. The company branded the quarter a "good overall performance" in view of what it described as a difficult comparison with the same period last year.

In its Asia/Rest of the World region, Pernod reported a "moderate" organic sales uplift of 11%, with Martell remaining the "main growth driver".

"Jacob's Creek, Absolut vodka and Champagne are continuing to deliver a "strong performance", but the quarter was "challenging" for Scotch whiskies, the group said. China saw an 18% sales uplift, but Africa/Middle East slowed.

In the Americas, Pernod saw organic sales growth of 7%. The US reported a "double-digit" sales rise, partly helped by "pricing acceleration".

The group saw "softness" in Western Europe, excluding France, with sales falling 6%, while Spain remains "challenging".

In Pernod's domestic market of France, sales dropped by 8% in the quarter to EUR149m. This was attributed to tax hikes averaging 14% at the start of the year.

“In a less favourable macro-economic environment we realised a good overall performance in the first quarter,” said Pierre Pringuet, Pernod's CEO.

Looking ahead, he added: “We remain confident in our capacity to continue to grow and are setting a target for organic growth in Profit from Recurring Operations close to +6% for the 2012/13 financial year."

Shares in Pernod were down this morning by 0.30% at EUR84.33. 

To read the company's official statement, click here.

Expert analysis

Pernod Ricard SA - SWOT, Strategy and Corporate Finance Report

Pernod Ricard SA - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financials, and corporate actions, providing a 360° view of the company.

Sectors: Company results, Emerging markets – BRIC, Spirits, Wine

Companies: Pernod, Ricard, Martell, Jacob’s Creek, Absolut

View next/previous articles

26 Oct 2012 -

just the Research

Currently reading -

FRANCE: Martell, Glenlivet, Perrier-Jouet shine in Pernod Ricard Q1, but sales growth slows

There are currently no comments on this article

Be the first to comment on this article

Related research

Pernod Ricard: Premiumization and decentralization fuelling growth in mixed macroeconomic environment

Over the last 10 years of rapid acquisitions, Pernod Ricard has built a strong portfolio of premium brands on a global scale. Most of its brands enjoy a leading position in international markets. The company has adopted a decentralized operational st...


This report analyzes the worldwide markets for Wine in Million Litres. It includes all wine categories, still, (red, white and rose), sparkling, fortified, vermouth, non-grape wine, wine coolers and ice wine. The report provides separate comprehensiv...

Related articles

just For Subscribers - The week in drinks

Here are the ten most viewed, subscriber-only items on just-drinks this week:

Product Launch - US: Pernod Ricard's Absolut Elyx

Pernod Ricard is launching a small-batch vodka under its Swedish Absolut brand.

Product Launch - JAPAN: Pernod Ricard's Jacob's Creek Wah

Pernod Ricard's Jacob's Creek Wah

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page