Pernod Ricard records 5% sales rise

05 May, 2011

Pernod Ricard increased net sales by 5% in the first three months of 2011, and by 11% in the first nine months of its current financial year, to March 31.

Its 14 main strategic spirit and Champagne brands grew 7% in volume and 11% in value in the first nine months, with Royal Salute up 26%, Martell increasing sales by 25% and Jameson ahead by 22%.

Main wine brands grew 1% in value with flat volumes.

In Europe, excluding France, sales for the first nine months were stable on an organic basis, but declined 3% on a reported basis following the disposal of assets in Spain and Scandinavia.

Chief executive officer Pierre Pringuet said: “The third quarter confirmed the improved business trends since the start of the financial year and strengthens our confidence in our ability to meet our targets.”




Bookmark this


Site Search

COMMENT

Richard Hemming MW: beware inverse snobbery

Few things can bring communal pleasure so intimately as wine. Apart from a hot tub, perhaps. Sport can trigger mass jubilation, film gives us shared empathy, but wine has a nigh-unique ability to bestow conviviality among us through a shared bottle – which makes it especially galling that we spend so much time divided over it.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter