Pernod Ricard portfolio

Pernod Ricard sales increase 17% in FY22

01 September, 2022

Pernod Ricard has released its FY22 Results, showing that sales grew organically by 17% in 2022, equalling €10.7m, with sales growing by double digits across each of its regions and spirit categories.

Reported sales growth was +21% with favourable foreign exchange impact, mostly from USD and CNY appreciation versus EUR.

Alexandre Ricard, chairman and CEO of Pernod Ricard said: “FY22 was a record year in many respects. Our Sales broke the symbolic milestone of €10 billion with our fastest growth rate in over 30 years, delivering a record €3 billion profit from recurring operations at a record operating margin of 28.3%. FY22’s performance was also very well balanced.

"Growth was driven by all regions, categories, price points and channels, with a comparable contribution from both mature and emerging markets. Most importantly, our performance was sustainable thanks to the real progress we’ve made on delivering our strategic roadmap 'Good Times from a Good Place'," Ricard added.

Sales in all regions grew:

  • Americas: +12% growth in North America and dynamic growth in LATAM, supported with a strong rebound in Travel Retail.
  • Asia-RoW: +19% growth led by India, Turkey, China and Sub-Saharan Africa, with a strong performance in Korea and Japan.
  • Europe: +19% growth in Europe, led by Spain, Germany, Poland and the UK, with a rebound in Travel Retail.

All spirits categories delivered double digit growth:

  • Strategic International Brands: +18% growth across all regions led by Jameson, Chivas Regal, Ballantine’s, Absolut and Martell.
  • Strategic Local Brands: +18% growth led by Seagram’s Indian whiskies, Kahlua, Olmeca and Seagram’s Gin.
  • Specialty Brands: +24% development led by American Whiskies, Gins and Agave brands, with specialty brands doubling their weight in sales vs FY19.
  • Strategic Wines: -4% performance in particular due to New Zealand lower harvest.

Sales were driven by a recovery of the on-trade, resilience in the off-trade and a rebound in travel retail.

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.


La'Mel Clarke

Service isn’t servitude: the skill of hosting

La’Mel Clarke, front of house at London’s Seed Library, looks at the forgotten art of hosting and why it deserves the same respect as bartending.