Pernod Ricard has reported “very strong sales” for its full year results, with growth coming from “a wide spectrum of markets”. 

Sales for its full year FY18 grew by 6% compared to 3.6% the year before, with the strongest growth recorded from its Asia portfolio, driven by China and India.

In Europe the group reported “modest growth” of 2%, with good momentum in Eastern Europe, Germany and UK, but growth was held back by difficulties in France and Spain.

In terms of brands the group saw a “very strong performance” from Martell (up 14%) and Jameson (up 14%), while “improving trends” were recorded for its overall Scotch portfolio, while Chivas returned to growth, up 5%.

Alexandre Ricard, chairman and chief executive office, said: “FY18 was a very strong year. Consistent strategic implementation has enabled us to deliver a significant improvement in business performance while investing for the future. Our sales have accelerated and diversified, and our margins improved.

“In FY19, in a still uncertain geopolitical and monetary environment, we will continue consistently implementing our strategy. Our guidance for FY19 is organic growth in profit from recurring operations between +5% and +7%.”