Pernod Ricard achieved
a good performance
in HY1 2012/13
In summary:
In the first half of the 2012/13 financial year Pernod Ricard achieved a good performance despite a less buoyant environment than in 2011/12 and taking into account major technical effects(1) (estimated impact of ' (72) million on profit from recurring operations).
The growth motors of the Group remain unchanged:
- Premiumisation and Innovation
- Top 14 and Indian whiskies
- Emerging markets and the United States
Pierre Pringuet, Chief Executive Officer and Vice President of the Board of Pernod Ricard, comments: 'The good performance achieved this semester confirms the soundness of our business model: a comprehensive portfolio of first-class international and local brands, a premiumisation strategy enhanced by a strong innovation policy, and global exposure allowing us to capture all growth relays. We are confident in continuing our growth mid-term, and we confirm our guidance of organic growth in profit from recurring operations close to +6% for the full financial year 2012/13.'
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Robust performance steering through spirits market normalisation
Organic Sales decline -3% (-7% reported)
Organic Pro decline -3% (-12% reported)