Pernod posts strong first quarter results

20 October, 2011

Pernod Ricard has announced net sales (excluding tax and duties) of €1.987 million for the first quarter of 2011/12 (July 1 – September 30, 2011).

Compared to 2010/11 (€1,879), the company is 6% up. The strong results are said to be down to:

         - Organic growth of 11%, driven by the company’s top 14 (+14%), strong dynamisn in emerging markets (+20%) and good recovery in mature markets (+5%);

        -  A 4% negtive foreign exchange rate, relating to the US dollar and certain emerging countries (Indian rupee, Chinese yuan);

         - A minor 1% negative group structure effect.

The 14 ‘Strategic Spirits and Champagne brands’ (Top 14. 62% of group sales) recorded 6% volume growth and organic sales growth of 14%, which the company says testifies to a continued favourable price/mix effect. Against this backdrop:

·         Eight brands had double-digit organic sales growth: The Glenlivet (+42%), Jameson (+29%), Royal Salute (+29%), Martell (+25%), Chivas Regal (+18%), Malibu (+17%), Perrier-Jouët (+17%) and Mumm (+12%);

·         Absolut (+4%) remained stable in the US but grew 6% in volume outside the US, due to duty free, Brazil, South Korea, Russia and Germany;

·         Chivas Regal (+18%) continued its 'premiumisation', with Chivas 18 Year Old (+36%) and Chivas 25 Year Old (+43%).

¨         The four ‘Priority Premium Wine brands’ (5% of group sales) grew 3% in volume and 8% in value;

¨         The 18 key local spirits brands (16% of group sales) continued to grow in value (+7%), driven by the development of Indian whiskies (+29%), offset by the decline of Wyborowa (-21%), 100 Pipers in Thailand (-32%) and Imperial in South Korea (-16%).





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.

Comment

Nick Strangeway

How bars must adapt to post-Covid industry

Nick Strangeway on how bars must addapt to a new and improved hospiality sector as we emerge from lockdown.

Instagram

Facebook