FDBusiness.com

Strong Year For Pernod Ricard

 Breaking News
  • UK Grocery Prices Rising at Fastest Rate in Four Years The latest grocery market share figures from Kantar Worldpanel, for the 12 weeks to 5 November 2017, show UK supermarket sales have increased in value by 3.2% year-on-year in the run up to Christmas. Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, explains: “Volume sales have increased by less than 1%, meaning it’s [...]...
  • Alcohol Minimum Unit Pricing to Go Ahead in Scotland The UK Supreme Court has ruled that minimum unit pricing for alcohol, which was passed overwhelmingly by the Scottish Parliament in 2012, can now proceed. Scottish Health Secretary Shona Robison has welcomed the decision and confirmed she intends to make a statement to Parliament shortly, setting out the Scottish Government’s next steps. Following the unequivocal backing [...]...
  • GEA Brings Together Technologies to Supply Extended Production Line For BMI GEA has recently been selected to supply an extended pasta filata cheese production line for BMI in Jessen, Germany. With this exemplary project GEA brings together its joint cheese-making expertise, resulting from its acquisition of de Klokslag and CMT in 2014 and 2015 respectively, with GEA’s flow and processing experience to provide a single offering for this [...]...
  • Bosch Packaging Technology Wins German Design Award 2018 The Sigpack VPF (Vertical Platform for Flat Pouches), the first freely scalable flat pouch machine from Bosch, has been honoured with the German Design Award 2018 in the Excellent Product Design category. The German Design Council presents the prestigious award on an annual basis. The German Design Award is the second prestigious accolade for the [...]...
  • Premier Foods Returns to Revenue Growth Premier Foods, the UK convenience food group, has reported group revenue of £353.3 million for the 26 weeks ended 30 September 2017 – an increase of 1.5% on the prior period – with Branded revenue in line with last year at £295.4 million while Non-branded revenue increased by 10.1% to £57.9 million. Group reported half year [...]...

Strong Year For Pernod Ricard

Strong Year For Pernod Ricard
September 04
10:50 2017

Global drinks group Pernod Ricard has reported a 4% increase in revenue to €9.01 billion and a 5% rise in profit from recurring operations (PRO) to €2.39 billion for its 2017 financial year. Organic sales growth accelerated to 3.6% during the year, moving closer to Pernod Ricard’s mid-term objective of 4% to 5%.

Alexandre Ricard.

The acceleration in sales was driven by the group’s Strategic International Brands which grew by 4% against a flat performance in 2016. Eleven out of the total of 13 brands were in growth with nine improving their performance, with in particular a return to growth for Martell cognac (+6%) and Absolut vodka(+2%). In terms of geography, the improvement in sales was driven by the USA, Eastern Europe, Global Travel Retail and a return to growth in China. Growth accelerated to 7% in the Americas, Asia-Rest of World was up 1% and Europe by 3%. Innovation drove a third of overall top line growth.

Pernod Ricard continued to actively manage its portfolio during its 2017 financial year by acquiring majority stakes in promising premium brands (Smooth Ambler, Del Maguey and Ungava) while disposing of non-core assets (Frïs, Domecq and Glenallachie distillery).

Organic PRO growth at 3.3% was solid and at the higher end of the annual guidance bracket of 2% to 4% despite unexpected regulatory changes in India. The reported operating margin was up 35 bps.

Alexandre Ricard, chairman and chief executive of Pernod Ricard, comments:  “FY17 was a strong year, delivering Profit from Recurring Operations in line with guidance together with an excellent cash performance. These results demonstrate that the strategic direction the group adopted two years ago is delivering: growth is accelerating and diversifying through successful activation of our strategy.”

He continues: “In FY18, we will continue to implement our roadmap, in particular focusing on digital, innovation and operational excellence. We are confident that we will continue improving our business performance. As a consequence, our guidance for FY18 is organic growth in Profit from Recurring Operations between +3% and +5%.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 28, 2017Fi Europe
  • December 4, 2017Plastics and Paper in Contact with Foodstuffs 2017
  • January 8, 2018RAI Exhibition
  • January 16, 2018Sival Plant Production Trade Show
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements