Blog: Olly WehringPernod FY - a little bit good, a little bit bad

Olly Wehring | 1 August 2007

Pernod Ricard's full-year figures, released late last week, suggested that the French company has both good and bad on its plate.

A stronger performance in its home market gave Pernod cause to cheer, certainly, as did an 11% organic lift in sales from its spirits portfolio. However, sales in Asia took a knock from a disappointing performance in Thailand, where the political situation has not lent itself to a lively market place for drinks. And, with the wine portfolio delivering only 1.3% growth in the year, there certainly remain causes for concern for Pernod.

One way to make the balance book look healthy, of course, is to go shopping - just ask Constellation, for example. Indeed, with Absolut expected to come up for sale in the coming months, Pernod has already expressed its interest in the Swedish vodka brand.

Pernod is aware, however, that it will prove tough to keep hold of Stolichnaya at the same time. Managing director Pierre Pringuet conceded that Pernod would struggle on both the financial and regulatory fronts to have two vodka brands in its portfolio. Which one it eventually favours will prove interesting reading – we’ll keep you posted.

In the meantime, click here for an in-depth analysis of Pernod's full-year sales results.


BLOG

Carlsberg - Right. Stop that: It's silly

It would appear that the folk at the UK arm of Carlsberg have this year found the 'gimmicky' drawer in the marketing office....

BLOG

No, I don't wish to see what you're about to drink, thanks

It's a popular grizzle and one I'll admit to having on at least one or two occasions… a day. Why do people post photos of their food and/or drink on to my social media feed?...

BLOG

Fridges see cool returns for Treasury Wine Estates

After a 2014 it'll want to forget, Treasury Wine Estates has some good news....

BLOG

Making gin in the shed

The garden shed is usually home to some spiders, a lawnmower and a few half-empty paint tins. ...

just-drinks homepage



Forgot your password?