Pernod Ricard posts 3% sales growth for third quarter
Pernod Ricard posted a 3% rise in sales for its third quarter, boosted by good growth in both Europe and the Americas.
In Europe sales were up 4%, with growth in the UK market described as “dynamic”, boosted by “advance shipments linked to price increases”.
In terms of its international brands, the company said it saw strong global momentum from Jameson, as well as good growth on Ballantine’s and improvement on Absolut and Martell. Its wine portfolio grew by 7%, driven by Campo Viejo.
Alexandre Ricard, chairman and chief executive officer, said: “We have strong year-to-date sales growth at 4%. In an uncertain environment, our strategy is consistent and driving results, in particular in terms of diversifying the sources of growth.
“We confirm our FY17 guidance of organic growth in profit from recurring operations of between 2% and 4%.”