Pernod Ricard announces 3% net sales decline

15 January, 2010

The world’s second largest drinks company has announced a circa 3% net sales decline for the first half of its fiscal year 2009/10, ending December 31, 2009

Pernod Ricard has announced an estimated 3% net sales, like-for-like, decline in sales for the first half of its fiscal year, ending December 31, 2009. It states there was an improved second quarter with a 2% decline, after a 4% decline in the first quarter.

Spirits fared better than its portfolio of wines and champagne.

The dynamism of China and India along with the first signs of recovery in South Korea and duty free meant Asia overall looked positive.

Europe remains “difficult” although France was holding up and trends in eastern Europe are improving. Pernod sees no signs of economic recovery in the US.

The company predicts a 1% to 3% growth in profit for the full year, 2009/10. Final and detailed results for first half Fiscal Year 2009/10 will be released on Thursday February 18.

Keywords: pernod ricard

Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.


Tess Posthumus

Staffing crisis could open opportunities

The pandemic has thrown many challenges at bar owners over the past couple of years and the ones that survived the various lockdowns and restrictions deserve a pat on the back. However, while revenues are returning and bars are beginning to recruit once more, we’ve come up against a whole new set of problems, one of which is a global starring crisis.