Sales and profits up at Pernod Ricard

17 February, 2011

Pernod Ricard has posted 7% organic sales growth in the six months to December 31.

Sales in Europe were up 2%, a recovery from a 5% decline in the whole of 2009/10.

Growth in western Europe was described as moderate.

The rise was achieved with help from a 4% increase in advertising and promotional spend.

Profit from recurring operations in Europe, excluding France, was up 4%, with total group profit ahead by 14% at €1.2 billion.

The company’s 14 strategic spirits and Champagne brands grew by 8% in volume and 13% in value, with the star performers Martell (32%), Royal Salute (+31%) and Perrier-Jouet (+31%).

Chief executive Pierre Pringuet said: “This strong performance enables us to revise upwards our guidance for organic growth in profit from recurring operations to a level close to 7% over the full 2010/11 financial year. We will pursue our policy of sustained investments in our strategic brands and markets.”




Bookmark this


Site Search

COMMENT

Talking terroir

When Bordeaux was in fashion, it seemed almost logical that we should fetishise winemakers. Here were people responsible for brilliant acts of blending, across large estates and multiple grape varieties, including superstars such as cabernet sauvignon and merlot. These days, fashion has moved on and pinot noir is ascendant. As a result, the star of the winemaker has fallen and we find ourselves following a new star in the sky: terroir.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter