Pernod Ricard posts 3% sales growth for third quarter

20 April, 2017

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%.”




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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.

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