Pernod released its H1 results today

Pernod released its H1 results today

Earlier today (13 February), Pernod Ricard released its half-year results, which showed single-digit drops in sales and net profits. Here is a closer look at the company's performance by region and by brand.

  • Europe (35% of group sales) was flat in H1 on the same period a year earlier, with sales hitting EUR1.61bn. Profits from recurring operations were up 3% (+7% organically) to EUR419m
  • The Americas (26.5% of group sales) was down 6% in sales (+3% organically) to EUR1.21bn. Profits from recurring operations were down 6% (+5% organically) to EUR356m
  • Asia/Rest of the World (38.3% of group sales) was down 13% in sales (-4% organically) to EUR1.75bn. Profits from recurring operations were down 13 (-4% organically) to EUR584m

Pernod highlighted the performance of 14 of its international brands in the half-year results. Most notably:

  • Absolut vodka saw sales rise by 1% but volumes drop 3%. Price/mix increased by 4%
  • Chivas Regal saw sales drop by 4% and volumes fall by 8%. Price/mix increased by 4%
  • Ricard posted a 9% sales jump and an 8% volumes increase. Price/mix edged up by 1%
  • Jameson increased sales by 16% and volumes by 13%. Price/mix was up by 3%
  • Martell sales and volumes fell by 8%. Price/mix decreased by 1%
  • The Glenlivet grew sales by 10% as volumes increased by 1%. Price/mix gained by 9%
  • Royal Salute saw sales drop by 11% and volumes by 10%. Price/mix fell by 1%