• First-quarter sales rise by 3% to EUR2.22bn (US$2.52bn)
  • US drives lift from the Americas
  • 1% to 3% lift in FY operating profits forecast
Pernod Ricard CEO Alex Ricard said the results were "consistent"

Pernod Ricard CEO Alex Ricard said the results were "consistent"

Pernod Ricard has credited the US with driving an increase in sales in its fiscal first quarter, although China is proving “difficult” once more.

Describing its top-line performance as “contrasted”, the company today reported a 3% rise in sales for the three months to the end of September. The performance follows a full-year when sales were up by 2%.

For coverage of Pernod Ricard's post-update conference call, click here

Pernod's Americas region was up by 6%, "driven by the US", while Europe posted a 3% sales lift and Asia/Rest of the World inched up by 1%. Challenges in China have returned, however: In Pernod's figures for the 12 months to the end of June, released in August, sales from Asia/Rest of the World came in 4% up on fiscal-2014.

In the most recent quarter, a positive ForEx impact resulted in a 9% increase in the top line on a reported basis.

“The beginning of the financial year is consistent with our scenario of continued gradual improvement in sales in a contrasted environment," said chairman & CEO Alex Ricard. "We are aiming for +1% to +3% organic growth in profit from recurring operations for FY 2015/16 and we expect a positive but volatile foreign exchange impact".

The company's share price was up 2.48% at CEST 1024.

To read the official statement, click here.