FDBusiness.com

Sales and Profits Improving at Pernod Ricard

 Breaking News
  • Florette Further Expands its UK Business In line with its strategy to be a major player within the UK fresh produce category, Florette UK & Ireland (part of the French Agrial group) has acquired the Wigan site of MyFresh Prepared Produce, a producer of a wide range of salad and vegetable products. MyFresh, Wigan, which employs almost 300 people and was [...]...
  • FrieslandCampina Simplifies its Organisation Royal FrieslandCampina intends to simplify its organizational structure into four to be set up global business groups – Consumer Dairy, Specialised Nutrition, Ingredients and Basic Dairy. A less complex structure will enable FrieslandCampina to more decisively respond to the market developments and to innovate better with respect to strategic priorities. The objective of the new [...]...
  • Heineken’s Acquisition of Punch is Cleared The Competition and Markets Authority (CMA) has accepted proposals by Heineken to resolve concerns over its £402.7 million acquisition of Punch Taverns, one of the UK’s largest leased pub companies, with a portfolio of more than 3,500 pubs nationwide. In June, the CMA said that Heineken’s proposed purchase of part of the Punch Taverns estate [...]...
  • Changing Consumer Tastes Drive Long-term Global Sugar Market Slowdown The consumers’ shift away from sugar consumption is an important driver behind significant changes in the food and beverage industry. These changes will have long-term ramifications, including a likely slowdown in the worldwide sugar market, according to the latest report of Rabobank ‘Sweetness and Lite’. A combination of changing preferences, product reformulations and government pressure have [...]...
  • How is the Rise of E-Commerce Changing the Role of Physical Stores? The rise of the internet has allowed retailers to directly connect with consumers from beyond the physical store revolutionising the competitive space more than ever. The world recently saw the acquisition of Amazon and Whole Foods which sent shock waves through the retail industry. This unforeseen merger has put retailers under pressure more than ever [...]...
  • SPX FLOW Appoints Pierre Sbabo as Vice President, Food and Beverage in EMEA SPX FLOW has announced the appointment of Pierre Sbabo as the Vice President of its Food and Beverage business in EMEA. He comes from a strong background in the water and process technology markets with truly international experience. With a Master’s Degree in Marketing and International Business from ESC Chambery, Sbabo has worked for global leaders [...]...

Sales and Profits Improving at Pernod Ricard

Sales and Profits Improving at Pernod Ricard
August 28
09:56 2015

Pernod Ricard has reported an 8% rise in full year sales to €8.558 billion with organic sales growth of 2% for 2014/15 as the French spirits and wine group increased its share in most of its key markets. Full year profit from recurring operations rose by 9% and 2% organically to €2.238 billion.

Due to improving sales in China, Pernod Ricard’s Asia-Rest of the World region returned to growth during the year and Americas grew by 2% although the US was flat. The market in Europe was stable with a return to growth in Spain of 2% but difficulties remain in Eastern Europe and Travel Retail.

In terms of product categories, sales growth was driven by whiskies, with continued strong performances from the Jameson,The Glenlivet and Ballantine’s brands, and also the champagne brands Mumm and Perrier-Jouët, which both registered high single digit growth. Martell cognac returned to growth during the year but the Absolut vodka brand was impacted by a challenging US market.

Indeed, reported group share of net profit was down15%, due to an €404 million impairment charge on Absolut but would have been up by 25% excluding the impairment charge.

Alexandre Ricard, chairman and chief executive of Pernod Ricard, comments: “Our full year results are solid, delivering improving sales and profit from recurring operations in line with guidance. Our strategy has remained consistent and is delivering results.”

He adds: “For FY15/16, despite a challenging and volatile macroeconomic environment, we aim to continue gradually improving our business performance. We will continue to support priority brands and innovations while focusing on operational excellence.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2017drinktec
  • September 13, 2017FI Asia
  • September 19, 2017PROCESS EXPO 2017
  • September 22, 2017Global Summit on Food & Beverages
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers

Advertisements