Pernod Ricard presents its Conviviality Platform
Pernod Ricard presents its Conviviality Platform
Today, Pernod Ricard is hosting its Capital Markets Day in Paris. Alexandre Ricard, Chairman and CEO along with members of both the executive committee and leadership teams in key markets will demonstrate how Pernod Ricard is implementing its Conviviality Platform, as the next step in its Transform and Accelerate FY23 to FY25 strategic plan.
Alexandre Ricard stated:
“In today's world and for many companies, the end goal is to leverage data. For us, at Pernod Ricard, the end goal is to spread convivialité… by leveraging data.”
The Conviviality Platform is about leveraging the power of data, our portfolio of brands and our distribution network to further stretch Pernod Ricard’s profitable and sustainable growth, with the following mid-term ambition:
- +4 to +7% annual topline growth framework aiming for the upper end of the range
- Stretching our topline growth with the Conviviality Platform
- Building on our key competitive advantages, leveraging our broad-based portfolio and balanced geographical footprint
- Focus on pricing, further enhanced by our proprietary predictive digital tools
- Continuous improvement in operational efficiency, building on our culture of excellence
- Significant A&P investment, maintained at c.16% of Sales, with higher return on investments leveraging Key Digital Programs
- Discipline on Structure costs, investing in priorities while maintaining an agile organisation, aiming at increase below topline growth
- Operating leverage of c.50-60 bps pa, provided topline within +4 to +7% range
- Confirmed financial policy priorities
The event will be live-streamed and the webcast will be accessible here: https://edge.media-server.com/mmc/p/fchhrvg5
All growth data specified in this press release refers to organic growth, unless otherwise stated. Data may be subject to rounding.
Definitions and reconciliation of non-IFRS measures to IFRS measures
Pernod Ricard’s management process is based on the following non-IFRS measures which are chosen for planning and reporting. The Group’s management believes these measures provide valuable additional information for users of the financial statements in understanding the Group’s performance. These non-IFRS measures should be considered as complementary to the comparable IFRS measures and reported movements therein.
- Organic growth is calculated after excluding the impacts of exchange rate movements, acquisitions and disposals and changes in applicable accounting principles.
- Exchange rates impact is calculated by translating the current year results at the prior year’s exchange rates.
- For acquisitions in the current year, the post-acquisition results are excluded from the organic movement calculations. For acquisitions in the prior year, post-acquisition results are included in the prior year but are included in the organic movement calculation from the anniversary of the acquisition date in the current year.
- Where a business, brand, brand distribution right or agency agreement was disposed of, or terminated, in the prior year, the Group, in the organic movement calculations, excludes the results for that business from the prior year. For disposals or terminations in the current year, the Group excludes the results for that business from the prior year from the date of the disposal or termination.
- This measure enables to focus on the performance of the business which is common to both years and which represents those measures that local managers are most directly able to influence.
Profit from recurring operations
Profit from recurring operations corresponds to the operating profit excluding other non-current operating income and expenses.
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About pernod ricard
Pernod Ricard is the No.2 worldwide producer of wines and spirits with consolidated sales amounting to €10,701 million in fiscal year FY22. The Group, which owns 17 of the Top 100 Spirits Brands, holds one of the most prestigious and comprehensive portfolios in the industry with over 240 premium brands distributed across more than 160 markets. Pernod Ricard’s portfolio includes Absolut Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute, and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur or Mumm and Perrier-Jouët champagnes. The Group’s mission is to unlock the magic of human connections by bringing “Good Times from a Good Place”, in line with its Sustainability and Responsibility roadmap. Pernod Ricard’s decentralised organisation empowers its 19,480 employees to be on-the-ground ambassadors of its purposeful and inclusive culture of conviviality, bringing people together in meaningful, sustainable and responsible ways to create value over the long term. Executing its strategic plan, Transform & Accelerate, Pernod Ricard now relies on its “Conviviality Platform”, a new growth model based on data and artificial intelligence to meet the ever-changing demand of consumers. Pernod Ricard is listed on Euronext (Ticker: RI; ISIN Code:FR0000120693) and is part of the CAC 40 and Eurostoxx 50 indices.