Advertise with fastmoving.co.za
 
 

Pernod Ricard reports 2% increase in sales in first half of year
Pernod Ricard reports 2% increase in sales in first half of year

Pernod Ricard reports 2% increase in sales in first half of year

LIQUOR NEWS

ESM.com - Feb 9th 2017, 11:53

Drinks giant Pernod Ricard has posted reported sales growth of 2% for the first half of the year (+4% organic growth), recording €5.06 billion for the period. 

The group, which was impacted by an ‘unfavourable FX impact’ during the period, posted 4% organic profit growth from recurring operations.

Leading the charge for the company is the Jameson whiskey brand, which posted ‘strong growth’ worldwide (+20% organic sales growth), while Absolut, Martell and Chivas all saw improvements in the fist half of the year.

Innovation also contributed approximately 1% to overall growth, driven by the Jameson Caskmates, Lillet and Olmeca Altos brands.

“Our half-year results are strong, delivering a continued performance improvement,” said Pernod Ricard chief executive Alexandre Ricard. “Our strategy remains consistent and is driving results.”

Looking ahead to the “uncertain environment” in 2017, Ricard added that the company plans “to continue improving our business performance year on year versus FY16. We will continue to support priority markets, brands and innovations while focusing on operational excellence. We expect to deliver organic growth in profit from recurring operations in line with the guidance of +2% to +4%.”Content ©2017 European Supermarket Magazine 

Read more about: pernod ricard | jameson

Related News

Pernod Ricard records 25% profit increase in half-year results
09/02/2018 - 13:45
Drinks company Pernod Ricard has recorded a 25% net profit increase in its 2018 half-year results, following a reduction in expenses during this period.

Scotch whisky industry latest to phase out plastic straws
31/01/2018 - 11:14
The scotch whisky industry is making moves to ban its use of plastic straws and stirrers outright, as it ramps up its commitment to the environment.

Pernod Ricard bans plastic straws and stirrers
18/01/2018 - 10:16
Drinks giant Pernod Ricard has decided to stop using non-biodegradable plastic straws and drinks stirrers in any part of its business.

Pernod Ricard confident about Africa despite turbulent times
06/12/2017 - 16:06
French spirits maker Pernod Ricard is banking on robust growth in Africa, a market where it has expanded sharply in recent years, in spite of challenging macroeconomic conditions on the continent, said a senior company executive.

Pernod Ricard posts stronger sales in quarter one on Chinese demand
19/10/2017 - 15:09
Pernod Ricard posted a stronger than expected jump in first-quarter underlying sales, helped by accelerating Chinese demand for its high-margin Martell cognac and its Chivas whisky.