FDBusiness.com

Pernod Ricard Accelerates Sales Growth and Improves Margins

 Breaking News
  • Lactalis Expands in Infant Nutrition With €740 Million Acquisition Lactalis Group, the international dairy group based in Laval, France, is acquiring the Nutritional business of Aspen Pharmacare for €739.8 million (R12.9 billion). The business being acquired supplies a wide range of infant nutritional and growing-up milk products across both the premium and value segments. It manufactures and markets well established quality brands, including S-26, [...]...
  • Thatchers Cider to Invest £14 Million in New Cider Mill Thatchers Cider, the family owned English cider producer, is to invest £14 million in a new cider mill at its Myrtle Farm site in Somerset to meet growing demand for its products. The company has applied for planning permission and, if granted, the new mill would come on stream in 2019. “This investment is about our [...]...
  • Coca-Cola Great Britain Teams Up With Premier League Premier League and Coca-Cola Great Britain have announced a new three-and-a-half-year partnership, starting in January 2019. It is the first sponsorship Coca-Cola Great Britain will activate across multiple brands within its portfolio, showcasing a range of drinks including sparkling soft drinks, water and fruit-based drinks, with low and no-sugar options. The partnership will see Coca-Cola work [...]...
  • Barry Callebaut Completes $30 Million Capacity Expansion in North America Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, has announced the completion of several expansion investments in three of its North American facilities located in St Hyacinthe, Quebec; Chatham, Ontario; and St Albans, Vermont. The investments amount to close to US$30 million and are in line with previously announced plans. Recent investments [...]...
  • Strong First Half From Hilton Food Group Hilton Food Group, the UK-based leading specialist international food packing business, has reported a 25.0% increase in turnover to £863.6 million and by 24.5% on a constant currency basis for the 28 weeks to 15 July 2018. Volumes increased by 12.7% reflecting growth in the UK, Ireland and Australia. Operating profit for the first half [...]...

Pernod Ricard Accelerates Sales Growth and Improves Margins

Pernod Ricard Accelerates Sales Growth and Improves Margins
September 03
10:09 2018

Pernod Ricard achieved sales of €8.99 billion for its 2018 financial year, after accelerating its organic sales growth to 6.0% from 3.6% the previous year. Sales growth was broadly based across a wide spectrum of markets – Americas grew by 6%; Asia-Rest of the World rose by 9%, due to strong growth in China and India; and Europe displayed modest growth of 2% with good momentum in Eastern Europe, Germany and the UK but difficulties in France and Spain.

Pernod Ricard also accelerated the organic growth (from 4% to 7%) of its 13 Strategic International Brands, with 11 in growth. Martell (+14%) and Jameson (+14%) performed particularly strongly during 2018, and the Scotch whisky portfolio returned to growth. Innovation continued to contribute significantly to Pernod Ricard’s top line growth.

On a reported basis, group sales declined by 0.3%. Profit from recurring operations (PRO) at €2.358 billion was up 6.3% organically but down 1.5% reported. The PRO margin was up 14bps organically but down 34bps on a reported basis due to adverse foreign exchanges factors (-€180 million).

Alexandre Ricard, chairman and chief executive of Pernod Ricard, comments: “FY18 was a very strong year. Consistent strategic implementation has enabled us to deliver a significant improvement in business performance while investing for the future. Our sales have accelerated and diversified, and our margins improved. In FY19, in a still uncertain geopolitical and monetary environment, we will continue consistently implementing our strategy. Our guidance for FY19 is organic growth in Profit from Recurring Operations between +5% and +7%.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
  • September 30, 2018Trade Fair for Butchers, Caterers and Meat Industry (Meat Expo)
  • October 1, 2018Poznan International Fair
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements