REVENUE FROM CONTRACTS WITH CUSTOMERS
REVENUE FROM CONTRACTS WITH CUSTOMERS
The Group is applying the full retrospective approach as of 1 July 2018 in transitioning to the new standard.
As noted in the Half-year financial report at 31 December 2017, there is no expected impact on Profit from Recurring Operations (PRO) or on revenue recognition standards, based on preliminary analysis.
Two mains topics have been identified with the following impacts:
' services paid to direct or indirect customers on visibility or promotional arrangements: reclassification from Advertising and Promotion expenses to a decrease in Net Sales;
' third party manufacturing in India: increase in Net Sales and Cost of Goods following the analysis of agent vs principal considerations.
The non-audited retrospective application on comparative year FY18 can be found below and will also be available on our website: www.pernod-ricard.com
Sales Analysis by Region, pre- and post- IFRS 15 restatement
Profit from Recurring Operations by Region, pre- and post-IFRS 15 restatement
Tags
On the same topic
-
Q1 FY26 Sales
Read moreSlow start to the year as expected, with declines in China and USA leading to Q1 organic net sales -7.6% and reported -14.3%
-
FY25 Full-year Sales and Results
Read moreSTEERING THROUGH A CHALLENGING ENVIRONMENT WITH AGILITY, DISCIPLINE AND STRATEGIC CONVICTION
FY25 ORGANIC SALES -3.0% (-5.5% REPORTED)
FY25 ORGANIC PRO1 -0.8% (-5.3% REPORTED)
-
Invitation - FY25 Full-year Sales and Results
Read moreThursday 28th August 2025
Alexandre Ricard, Chairman & Chief Executive Officer, and Hélène de Tissot, EVP Finance and IT, invite you to join a presentation and Q&A of Pernod Ricard’s Full Year FY25 Sales and Results, with a live webcast on Thursday 28th August 2025 at 09:00 CEST.