Pernod released its YTD results today

Pernod released its YTD results today

Pernod Ricard today announced a 6% rise in sales in the nine months to the end of March. Here's a look at the performance of the company's 14 major spirits and Champagne brands in the year-to-date, as well as a rundown of the top-line figures by region:

  • Europe (31.8% of group sales) - YTD sales - -2%

Sales in the region were described as stable overall, with a "broadly stable performance" in France. Sales in Spain were up 2% as its recovery continued and the UK saw sales increase by 4% driven by Mumm, Absolut, Jameson and Campo Viejo.

Travel Retail posted a double-digit decline, blamed on "difficulties linked to the Russian situation and a challenging commercial environment".

Russia, meanwhile, was up 1% in sales for the nine months.

  • Americas (26.7% of group sales) - YTD sales - +8%

The healthy sales performance from the Americas was driven by a good Q3 that saw stronger sales in the US (+2%) after challenges in H1. The US unit posted a 1% sales decline for YTD. Brazil saw continued double-digit growth in the nine months and there was "very strong growth" in Travel Retail in the region, Pernod said.

  • Asia/Rest of the World (41.5% of group sales) - YTD sales - +11%

The standout region for the nine-month period was China, which enjoyed a successful Chinese New Year, with sales during the festival up 4%. YTD sales were still down, by 3%, however Cognac declines were largely stemmed, down just 1% in the nine months after increasing 7% during Chinese New Year. Whisky remained challenged, down 11% for both YTD and Chinese New Year.

India posted a 19% sales jump in YTD driven by volume growth of Indian whiskies, Scotch (Chivas and The Glenlivet) and Absolut, Pernod said. Africa & Middle East was up 12% in YTD sales while there was a "modest" decline in Asia Travel Retail, the company added.

Organic Sales Growth of the Top 14

 Net SalesVolumesPrice/mix
Chivas Regal0%0%0%
Havana Club -1%1%-1%
The Glenlivet14%12%3%
Royal Salute 5%-6%1%
Mumm 9%15%-6%
Top 14 2%2%0%