Pernod Ricard reports its full-year results today (2 September). Here, just-drinks brings you the key numbers at-a-glance.
- Profits: Net profits rose by 1% to EUR951m (US$1.2bn). The group’s share of profits from recurring operations declined by 1% to EUR1bn. However, excluding a currency drag, this represented a 7% increase on the previous year.
- Sales: Currency also hit net sales, which slipped by 2% to EUR7.08bn. Excluding currency, like-for-like sales rose by 2%. Sales momentum was heavily weighted on the second half of the year.
- Debt: The firm slashed net debt by EUR1bn during the year. However, unfavourable currency rates meant that total debt only reduced by EUR304m, to EUR10.584bn.
- Star brands: By value, Jameson Irish whiskey and Martell Cognac rose by 12% for the year. The Glenlivet Scotch whisky rose by 7%, Absolut vodka by 6%, Havana Club and Chivas by 5% each and Brancott Estate wine up by 6%.
- Bring up the rear: Mumm Champagne was the biggest faller in terms of value sales, down by 7% for the year. Ballantine’s blended Scotch whisky fell by 4% and Jacob’s Creek wine slipped by 5%.
- Dividend: Pernod proposed its highest dividend to shareholders for five years, at EUR1.34.
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