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FRANCE: Pernod Ricard reports 18% rise in H1 revenue

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The French drinks group, Pernod Ricard SA, has recorded revenue of €1.38 billion in the second quarter from March to June, 14% up from €1.21 billion in the same period last year. Revenue for the first half of 2002 was up by 18% at €2.57 billion which was towards the upper end of analysts' forecasts.

Pernod Ricard chairman and CEO, Patrick Ricard, said he was "satisfied with this performance which, barring a sudden downturn in the economic environment, puts the group on track to reach its targets for 2002". Ricard also added that the integration of the Seagram businesses was proceeding as planned.

The group's wines and spirits division recorded consolidated first-half sales of €1,502m, representing a 78% rise over the first half of 2001. Half-year sales of Seagram brands amounted to €604m, with €250m of that figure coming in the first quarter. Pernod Ricard said that the surge in second-quarter revenue reinforces the group's full-year sales target of €1.5 billion from the brands for 2002.

Pernod Ricard's existing brands recorded sales of €898m in the six months, representing like-for-like growth of 4.5%.


Companies: Pernod Ricard

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