Since Pernod Ricard now reports its annual sales at the same time as its overall results for the period (on 3 September this year), a trading update will from now on be provided in the days following the year-end.
Annual sales should grow by about 9%, with organic growth close to flat, a negative foreign exchange effect of around 2% and a strong positive Group structure effect due to the integration of Vin & Sprit.
Following a strong increase over the first half-year, Pernod Ricard’s sales growth slowed down over the second half: this was due to the overall decline in consumption, as well as to destocking by wholesalers and distributors, which primarily occurred over the third quarter.
The fourth quarter sales trend improved, in line with our expectations, with negative organic growth* of about 3%. The major emerging markets (China, India) continued to grow strongly.
The announced results guidance for the 2008/09 financial year is confirmed:
- growth in net profit from recurring operations - Group share slightly in excess of 10%, due to the significant contribution of Absolut and to an average cost of debt maintained below 5%.
Final and detailed 2008/09 financial year sales and results on Thursday, 3 September 2009
* on a like-for-like basis
About Pernod Ricard
Pernod Ricard is the world’s n°2 in wines and spirits with consolidated Sales of € 8,558 million in 2014/15. Created in 1975 by the merger of Ricard and Pernod, the Group has undergone sustained development, based on both organic growth and acquisitions: Seagram (2001), Allied Domecq (2005) and Vin&Sprit (2008). Pernod Ricard holds one of the most prestigious brand portfolios in the sector: Absolut Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Kahlúa and Malibu liqueurs, Mumm and Perrier- Jouët champagnes, as well Jacob’s Creek, Brancott Estate, Campo Viejo, Graffigna and Kenwood wines. Pernod Ricard employs a workforce of approximately 18,000 people and operates through a decentralised organisation, with 6 “Brand Companies” and 80 “Market Companies” established in each key market. Pernod Ricard is strongly committed to a sustainable development policy and encourages responsible consumption. Pernod Ricard’s strategy and ambition are based on 3 key values that guide its expansion: entrepreneurial spirit, mutual trust and a strong sense of ethics. Pernod Ricard is listed on Euronext (Ticker: RI; ISIN code: FR0000120693) and is part of the CAC 40 index.
Contacts Pernod Ricard
Julia MASSIES / Financial Communication – Investor Relations VP
Tel: +33 (0)1 41 00 41 71
Sylvie MACHENAUD / Director External Communications
Tel: +33 (0)1 41 00 42 74
Emmanuel VOUIN / Press Relations Manager
Tel: +33 (0)1 41 00 44 04
Apolline CELEYRON / Press Relations Officer
Tel: +33 (0)1 41 00 40 97