Subscribe Login
Drinks

Pernod Ricard Sees ‘Softer’ Sales Growth For Q3

Spirits producer Pernod Ricard has published its Q3 sales results for the 2016/17 financial year. The figures show +3% organic growth in the quarter, totalling €1,987 million, with strong year-to-date sales of +4% organic growth.

Sales for the first nine months of the financial year totalled €7,047 million, driven by 7% growth in the Americas (5% in the US) and 4% sales growth in Europe. Regulatory changes in India hampered Asian growth (1%) but the group’s ‘strategic international brands’ saw 4% growth, with 11 of the 13 brands increasing sales.

Jameson in particular had ‘strong momentum’, according to the published report, with good growth on Ballantine’s also and improvement on Absolute and Martell.

Speaking on the results, Alexandre Ricard, Chairman and Chief Executive Officer, stated, “We have strong year-to-date Sales growth at +4%. In an uncertain environment, our strategy is consistent and driving results, in particular in terms of diversifying the sources of growth.

“We confirm our FY17 guidance of organic growth in Profit from Recurring Operations of between +2% and +4%3.”

© 2017 - Checkout Magazine by Donncha Mac Cóil

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Enjoy full access to Checkout Magazine, our weekly email news digest, access to all website and app content, and the latest digital magazine for a full 30 days.
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Enjoy full access to Checkout Magazine, our weekly email news digest, access to all website and app content, and the latest digital magazine for a full 30 days.
Enjoy unlimited digital access for 30 days