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News
Pernod Ricard sales boost
Pernod Ricard posted a 67.4% increase in consolidated sales in the first nine months of the last financial year, taking the French group up to 4.6bn euros (US$5.8bn) for the period to 31 March.
This strong growth was attributed to significant consolidation after the acquisition of Allied Domecq in July 2005 and the disposal of the Bushmills, Seagram’s Vodka, Larios and Glen Grant brands, as well as a 4% organic growth rate and a favourable foreign exchange.
The overall sales value of the group’s key brands increased by 7%, representing organic growth significantly higher than the 1% overall growth in volume.
Pernod Ricard’s spirits business demonstrated a 5.3% increase in organic growth, but its wine business declined by 2.9%.
Major ex-Allied Domecq brands, such as Stolichnaya (up 39%), Malibu, Beefeater (up 20%), Kahlua and Ballantine’s, performed particularly well in the third quarter and contributed to the group’s overall performance.
Global growth was primarily driven by good performance in Asia, where premium spirits brands, including Chivas Regal, Martell and Royal Salute, drove a leap in sales, good performance in the US and strong sales in Venezuela and Central America.
© db June 2006