Published On 04/25/2013

Third quarter 2012/13 sales

Good resilience of the business
 

In summary

 

In the first nine months of the 2012/13 financial year Pernod Ricard demonstrated good resilience of the business in a more challenging macroeconomic environment, as had been announced at the beginning of the year, and one which remains contrasted.

 

The premium portfolio remains the key driver of performance with:

  • continued sustained value growth(1) of the strategic brands
  • very favourable price/mix (+6%(1)) for the Top 14

 

Growth continues to be driven by emerging markets(2) and the United States:

  • growth(1) remained strong in emerging markets(2) (+10%(1)), but slower compared to the prior financial year, particularly in Q3 2012/13. China (+11%(1)), India (+17%(1)) and Russia (+19%(1)) remained the main growth drivers for the first nine months of financial year 2012/13.
  • continued solid growth(1) in the United States
  • slight improvement in Q3 in Western Europe in a context that remains challenging
  • gradual improvement of the business in France, as anticipated. The base of comparison for the nine months at end March remains unfavourable. (French pre-buying remaining at end March 2012: €48 million)

 

Consolidated net sales reached €6,650 million for the first nine months of the 2012/13 financial year. Reported growth was +5%, equating to +4% organic growth with:

  • Top 14 up +6%(1)(3)
  • emerging markets(2) up +10%(1) and mature markets stable(1)(3)

On this occasion Chief Executive Officer of Pernod Ricard Pierre Pringuet commented: “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.” He added: “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.”

 

(1)       Organic sales growth

(2)       List of emerging markets provided in the appendix

(3)       Excluding French pre-buying

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About Pernod Ricard

Pernod Ricard is the world’s n°2 in wines and spirits with consolidated Sales of € 8, 987 million in FY18. Created in 1975 by the merger of Ricard and Pernod, the Group has undergone sustained development, based on both organic growth and acquisitions: Seagram (2001), Allied Domecq (2005) and Vin&Sprit (2008). Pernod Ricard holds one of the most prestigious brand portfolios in the sector: 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, Mumm and Perrier- Jouët champagnes, as well Jacob’s Creek, Brancott Estate, Campo Viejo and Kenwood wines. Pernod Ricard employs a workforce of approximately 18,900 people and operates through a decentralised organisation, with 6 “Brand Companies” and 86 “Market Companies” established in each key market. Pernod Ricard is strongly committed to a sustainable development policy and encourages responsible consumption. Pernod Ricard’s strategy and ambition are based on 3 key values that guide its expansion: entrepreneurial spirit, mutual trust and a strong sense of ethics.  Pernod Ricard is listed on Euronext (Ticker: RI; ISIN code: FR0000120693) and is part of the CAC 40 index.

Contacts Pernod Ricard

Julia MASSIES VP, Financial Communication & Investor Relations Tel: +33 (0)1 41 00 41 07

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