Pernod results

13 February, 2014

Pernod Ricard has reported net sales for the first semester of 2013/14 totalled €4.57 million.

The second largest premium drinks company in the world said net profit from recurring operations declined -3%. At end December, debt was reduced €102m to €8.6 billion.

The French-based multinational company said sales were mainly impacted by one market, China (-18%):

                        Asia-Rest of the World, excluding China +2%;

                        Good performance in Europe (+4%);

                        Return to growth in Americas (+3%) following a strong second quarter.

The company says its top 14 brands were “virtually stable despite a mix effect of -4% (decline of Martell in China). Volumes were stable and pricing remained positive”.

The second quarter showed a return to growth. Its key local brands were said to have performed well (+4%).

Its operating margin improved, thanks to control of resources, leading to organic growth in profit from recurring operations of +2% at €1.359m.

The star performer among Pernod Ricard’s top 14 was Jameson Irish whiskey with volume up 13% and net sales +16%, followed by Ricard with 8 and 9% respectively and The Glenlivet single malt Scotch whisky with 1% and 10% net sales.

The worst performers were The Royal Salute blended Scotch whisky with -10% and –11% and Martell Cognac with -8 and -8%





Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

La'Mel Clarke

Service isn’t servitude: the skill of hosting

La’Mel Clarke, front of house at London’s Seed Library, looks at the forgotten art of hosting and why it deserves the same respect as bartending.

Instagram

Facebook