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

What is Heineken hiding up its sleeve in Australia?

Heineken is gearing up for a product launch in Australia this month. But exactly what the product is, the brewer is not saying....

BLOG

Anheuser-Busch InBev's craft brewers turn hermits in their own kingdoms

It's Summer in the northern hemisphere and the beer festivals are in full swing. Even the famously secluded North Korea is letting its regulation-cut hair down with the Taedonggang Beer Festival, name...

BLOG

Under the influencers - regulators crack down on sponsored social media

Drinks companies that use celebrities and influencers to endorse products via social media could be in line for some rule changes....

BLOG

Drinking & Driving? Ford and Jose Cuervo's Tequila cars

A couple of months ago, US-based Saltwater Brewery developed 'edible six-pack rings' in an effort to curb threats to wildlife....

just-drinks homepage



Forgot your password?