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How did Pernod Ricard perform in Q3 & YTD fiscal-2019? - results data

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  • Third-quarter sales rise 2.5% in organic terms, hitting EUR2bn (US$2.26bn)
  • All three reporting regions deliver low-single-digit sales increases
  • Year-to-date top-line comes in 6.3% up at EUR7.19bn
  • Asia-Rest of the World shines, jumping 12% in nine months
  • 'Strategic International Brands' portfolio posts 8% increase on "strong" price/mix

Pernod Ricard has seen the third quarter of its current fiscal year deliver a slower rate of growth than the first half, although, the group professed to being satisfied with its "diversified" sales drivers.

Pernod Ricard Fiscal-2019 - Sales versus 2018 - Reported

Fiscal-2018 (restated)Fiscal-2019
Fourth Quarter1869null
Third Quarter19162003
Second Quarter27112798
First Quarter22262387

Source: Company results

In sales results for the three and nine months to the end of March, released earlier today, Pernod reported a top-line increase for Q3 of 2.5%. The performance follows a near-8% lift in the first six months of fiscal-2019.

In a quarter described by Pernod as "solid", the company saw its Americas and Europe reporting regions both come in 2% up on the corresponding period last year. Asia-Rest of the World increased its sales by 3%.

Pernod Ricard Year-to-Date Fiscal-2019 - Sales by Region - Reported

Source: Company results

For the nine months to the end of March, the Americas region was boosted by Latin America, which posted a sales increase of 6%. The US, where sales increased 2% in YTD, saw Jameson continue its healthy trajectory while Absolut remained in decline. China - up 21% - and India - climbing 19% - claimed credit for the 12% jump at Pernod's Asia-Rest of the World reporting region. Africa and the Middle East combined to post a double-digit sales increase. 

Finally, in Europe, Pernod noted "commercial disputes" in both France and Germany as hampering performance in the west, while the introduction in France late last year of the 'Egalim' law, which links paying farmers fairer prices to the strengthening of product quality, is set to hit sales for Pernod in the final quarter. In the east of the region, Russia saw YTD sales climb 13%.

The results announcement comes in the same week that Pernod lined up the purchase of Italian gin brand Malfy.

CEO Alex Ricard

"Growth was very strong and diversified in the first nine months of fiscal-2019, responding to our long-term investment strategy.

"For full-year fiscal-2019, in an environment that remains uncertain, we aim to continue dynamic and diversified growth across our regions and brands. We expect organic growth in profits from recurring operations of circa +8%. We will continue to roll out our strategic plan 'Transform & Accelerate', focused on investing for sustainable and profitable long-term growth."

The company will report its full-year results for fiscal-2019 at the end of August.

To read Pernod Ricard's official Q3 and YTD sales statement, click here.

"Africa is Asia in 15 to 20 years from today" - Click here for just-drinks' interview in February with Pernod CEO Alex Ricard


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