Pernod Ricard blames UK for dip
Published:  17 September, 2010

Pernod Ricard has reported “persisting difficulties” in the UK market in its results.

The Jacob’s Creek, Absolut and Beefeater producer described its international performance as “sound”, with 8% sales growth in emerging markets.

But in Europe, excluding France, profits from recurring operations fell by 3% in the year to June 30, principally due to trading difficulties in the UK and Spain.

Global full-year sales totalled €7,081 million (excluding tax and duties), a decline of 2%.

The company said it had also been hit by exchange rate issues and restructuring costs, mainly created by the disposals of Wild Turkey, Tia Maria and Bisquit and the termination of Stolichnaya distribution.




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Lifting the spirits

I were to sum up alcohol sales over Christmas 2017 in one word, it would be “gin”. At Nielsen, we define the Christmas period as the 12 weeks to December 30 and in that time gin sales were £199.4 million, which means they increased by £55.4 million compared with Christmas 2016. There’s no sign the bubble is about to burst either. Growth at Christmas 2016 was £22.4 million, so gin has increased its value growth nearly two-and-a-half times in a year. The spirit added more value to
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