Pernod Ricard sales rise in third quarter

25th April, 2013 by Andy Young

French drinks company Pernod Ricard has reported a 2.4% sales increase in the third quarter of its 2012/13 financial year.

Pernod Ricard brandsThe group also said that in the first nine months of its year, sales totalled €6.65 billion, thanks mainly to strong demand in China, Russia and India.

Sales were also helped by “continued solid growth in the United States” and emerging markets, where “growth remained strong.”

Pierre Pringuet, chief executive of Pernod Ricard, said: “Pernod Ricard’s business demonstrated good resilience in, as announced at the beginning of the year, a less favourable economic environment. Our growth is still based on the same drivers: our policy of premiumisation and innovation, the strategic brands and strong presence in emerging markets and the United States.”

“Confident in the strength of this model, we confirm our guidance of organic growth in profit from recurring operations of close to +6% for the full financial year 2012/13.”

Pernod Ricard’s main growth drivers for the first nine months of the financial year were Russia, where organic sales growth is up 19%, India, up 17% and China, which is up by 11%.

The sales growth in Russia was mainly due to Jameson, ArArAt, Chivas, Olmeca and Ballantine’s. The company also said that the “favourable impact of pre-buying prior to price hikes on 1 April 2013 should be noted.”

The “on-going solid performance of Martell” helped to drive the sales growth in China, and the region was also boosted by “new growth drivers” such as Jacob’s Creek and Absolut.

Pernod Ricard reported that “the situation in Western Europe remains challenging” and while the sales for the first nine months of the financial year are down 3%, the third quarter was actually “stable”. Spain is improving slightly, while renewed growth was reported in Germany, the UK and Ireland.

The company maintained its guidance that it expects “profit from recurring operations close to 6% for the full financial year 2012/13”.

One Response to “Pernod Ricard sales rise in third quarter”

  1. Moses Mamoriri says:

    Great company

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Job vacancies

Sales Account Manager

Jascots Wine Merchants
London, UK

Marylebone Sales Manager

Philglas & Swiggot
Marylebone, London, UK

Area Sales Manager

Bon Coeur Fine Wines
North England, UK

Procurement Assistant – Wine

Adnams PLC
Southwold, UK

Account Manager Central London

Speciality Drinks Ltd
London, UK

Brand Ambassador

Speciality Drinks Ltd
London, UK

National Business Development Manager

Speciality Drinks Ltd
London, UK

Marketing Assistant

Hatch Mansfield
Ascot, Berkshire, UK

Marketing Manager

Bancroft Wines
London, UK

Regional Sales Manager – Scotland

Bancroft Wines
London, UK

Sales Manager – London On-Trade

Bancroft Wines
London, UK

Customer Service & Sales Support Executive

Jascots Wine Merchants
London, UK

Market Insight Analyst

Conviviality PLC
London, UK

Technical Manager

Enotria&Coe
Park Royal, London, GB

The Global Sparkling Masters 2017

Deadline : 25th August 2017

The Global Malbec Masters 2017

Deadline : 25th August 2017

Global Chardonnay Masters 2017

Deadline : 1st September 2017

The Global Sauvignon Blanc Masters 2017

Deadline : 1st September 2017

Click to view more

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

The Global Organic Masters 2017

The drinks business is thrilled to announce the launch of The Global Organic Masters

The Drinks Business Awards 2017

Now in its 15th year, the db awards have become the most authoritative, internationally respected badge of achievement in the alcoholic drinks industry.

The Asian Cabernet Sauvignon Masters 2017

the drinks business Hong Kong announces its first year of The Asian Cabernet Sauvignon Masters.

Click to view more