FRANCE: Pernod Ricard YTD sales up, confirms FY target

By | 25 April 2013

  • Group nine-month sales rise by 5% to EUR6.65bn (US$8.74bn)
  • Europe flat, while China, India, Russia stay "main growth drivers"
  • Group Q3 sales up by 2% to EUR1.7bn
  • Confirms FY guidance of 6% organic profit growth
Pernod says it is showing "good resilience"

Pernod says it is showing "good resilience"

Strong performances in China, India and Russia have helped Pernod Ricard deliver a rise in nine-month sales as trading in Europe remained "challenging".

Net sales increased by 5% to EUR6.65bn (US$8.74bn) in the nine months to the end of March, the Paris-based company said today (25 April). In Q3, net sales were up by 2% to EUR1.7bn.

Russia was the main driver of growth in Eastern Europe with YTD net sales up by 19% organically, while India increased its net sales by 17% over the same period. China continued to impress for Pernod (net sales up by 11% organically), however the company noted weakness in Q3, while Scotch whisky growth in the country slowed.

There were also concerns over Western Europe, where net sales fell 3% organically. However, the company said there was “renewed growth” in the UK and Ireland.

Pernod CEO Pierre Pringuet, who confirmed the company's full-year estimate of 6% organic growth, said: “Pernod Ricard’s business demonstrated good resilience in...a less favourable economic environment.”

Today's YTD results were in line with Pernod's first-half numbers, which also saw net sales rise by 5%

Pernod's share price fell this morning, by 2.3% to EUR94.68 at 1012 CET.

Check back later for full coverage. 

To read the company's statement, click here

Sectors: Company results, Spirits, Wine

Companies: Pernod, Ricard

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FRANCE: Pernod Ricard YTD sales up, confirms FY target

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