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First Quarter Sales 2014/15 : return to growth in Q1 despite a difficult environment


Organic Sales Growth : +2%

2014/15 Guidance : Organic growth in PRO between +1% and +3%

First Quarter Sales 2014/15 : return to growth in Q1 despite a difficult environment

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Sales for the first quarter of 2014/15 totalled € 2,037 million. Pernod Ricard posted organic growth of +2%, representing a return to growth, including:

- a gradual improvement in Asia-Rest of World (+4%)

- a mixed performance in Europe (-1%)

- continued growth in the Americas (+3%)

Reported growth was +1% due to a slightly unfavourable foreign exchange effect over the period.

The Top 14 (+2%) returned to growth. 

Priority Premium Wines declined (-3%) despite the continued growth of the Campo Viejo and Brancott Estate brands. 

The 18 Key Local Brands (+7%) reported very good growth driven by Indian whiskies.

As part of this communication, Pierre Pringuet, Chief Executive Officer, stated: “Pernod Ricard’s return to growth in the first quarter illustrates the Group’s resilience in a difficult context. We are confident in the strength of our portfolio and distribution network. The roll-out of project Allegro will contribute to strengthening our operational efficiency.”

Alexandre Ricard, Deputy Chief Executive Officer and Chief Operating Officer, added: “For the full financial year we anticipate a gradual improvement in sales, in an environment that will remain difficult. We plan to increase investment behind our priority brands and innovations. As a result, our 2014/15 guidance is organic growth in profit from recurring operations between +1% and +3%.”

A detailed presentation of sales for the first quarter of 2014/15 can be downloaded from our website: www.pernod-ricard.com 

Note: All growth data specified in this press release refers to organic growth, unless otherwise stated.

Tags related to the news: 1 unique organisation Americas Asia Europe France 18 000 créateurs de convivialité Corporate culture Diversity and mobility Diversity Mobility Testimonials 14 international brands 2 global icons Absolut Chivas 4 priority Premium wine brands Brancott Estate Campo Viejo Graffigna Jacob’s Creek 5 strategic Prestige spirits & Champagne brands Martell Mumm Perrier-Jouët Royal Salute The Glenlivet 7 strategic Premium spirits brands Ballantine’s Beefeater Havana Club Jameson Kahlua Malibu Ricard 2 priorities Innovation Premiumisation 4 commitments Responsible consumption Environment Entrepreneurial spirit Sharing of cultures Other tags Creators Decentralization Family Key local spirits brands

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