Jameson The Star As Pernod Ricard Posts Results For First Nine Months Of Year
Published on Apr 25 2014 11:20 AM in Drinks
Jameson whiskey continued its impressive growth by being the star brand in Pernod Ricard's spirits portfolio over the first nine months of the year, according to a trading update.
Jameson grew its net sales by 13%, its volumes by 10% and its Price/Mix by 3% over the nine month period, the update reveals, performing far stronger than other well-known brands in the portfolio such as Absolut (0% net sales growth, 3% vol growth), Beefeater (1% net sales growth, 2% vol growth) and Martell (-9% net sales decline, -7% vol decline).
The group's European market saw growth of 2%, with Western Europe stable while Eastern Europe posted growth of +9%. "The third quarter was largely impacted by unfavourable technical effects (later Easter, excise duty increases, price increases, phasing of promotions, etc.)," the report states.
“In an environment that remains challenging, our performance over the nine months was in line with the half-year and with our annual guidance," said Pierre Pringuet, Chief Executive Officer of Pernod Ricard.
Overall, sales for the first nine months of the year totalled €6.2 billion.