FDBusiness.com

Robust Performance by Pernod Ricard

 Breaking News
  • Nestlé Inaugurates New Nescafé Dolce Gusto Production in Vietnam Nestlé has inaugurated a new Nescafé Dolce Gusto capsule production line in Dong Nai Province, Vietnam. The site will process an expected 2,500 tons of coffee per year (equivalent to 130 million capsules), using high quality coffee beans from Vietnam. This volume is expected to increase in the coming years. The investment reflects Nestlé’s clear focus on high-growth, [...]...
  • Pink Lemonade Yogurt? Arla Brings Indulgence to New Markets Arla Foods is to expand its successful Finnish brand, Ihana, into new markets with the premium yogurt range being launched in Denmark and the UK. Meaning ‘wonderful’ in Finnish, Ihana was launched through an extensive brand launch in 2016 in Finland with an iconic new design. Indulgence is one of the few areas in growth within [...]...
  • Process Components Announces Kemutec Expansion into Netherlands Process Components has announced the expansion of subsidiary company Kemutec in Europe, with the long-established manufacturing brand opening a new office in the Netherlands. The move forms a key part of its global strategy to extend its global territories, significantly grow its revenues and create new jobs. Kemutec has more than three decades’ worth of heritage in [...]...
  • Packaging Automation Supports the Reduction in Plastic Packaging Waste With the launch of the UK Plastics Pact to address the impact plastic waste is having on the environment, retailers and manufacturers are more conscious of single use and non-recyclable plastics and want to cater for the green consumer. The industry is turning to various kinds of eco-friendly packaging with the aim of reducing plastic [...]...
  • Glanbia Cheese Joint Venture to Build New €130 Million Mozzarella Cheese Facility Glanbia Cheese, the joint venture business between Glanbia plc and Leprino Foods, plans to build a new, world-class mozzarella cheese manufacturing facility in Portlaoise, County Laois, Ireland. A site for the new facility has been identified at the recently established Togher National Industrial Estate in Portlaoise. A total of €130 million will be invested in [...]...

Robust Performance by Pernod Ricard

Robust Performance by Pernod Ricard
August 30
08:54 2013

Reflecting double digit growth in emerging markets and a strong performance in the US, French drinks group Pernod Ricard achieved 6% organic growth in profit from recurring operations to Eur2.23 billion, in line with guidance for its financial year 2012/2013 on net sales up 4% to Eur8.57 billion.

Pernod Ricard’s top 14 brands continued to drive growth with sustained value growth of 5%, helped by outstanding performances from Jameson and Martell and solid growth in white spirits.

Premiumisation and innovation remained the group’s growth drivers, as testified by a still highly favourable price/mix – up 5% for the top 14. Premium brands increased their share of sales from 73% to 75%.

The operating margin improved by 42 bps to record its largest expansion  in three years, due to: the combined effect of continued premiumisation and good control of resources.

Higher cash flow generation than in the previous year resulted in a Eur635 million decrease in net debt. The net debt/EBITDA ratio fell to 3.5 at the end of June 2013.

“Despite a less buoyant environment than that of last year, we achieved our guidance,” says Pierre Pringuet, vice chairman and chief executive of Pernod Ricard “Our global and balanced exposure to emerging and mature markets will allow us to seize all opportunities. We therefore remain confident in our ability to pursue our growth.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements