FDBusiness.com

Fuelled by strong growth in Asia, Pernod Ricard has reported a 7% increase in full year sales to Eur8.22 billion with profit from recurring operations rising by 11% to Eur2.1 billion. Indeed, the 2011/12 performance saw the French drinks group’s strongest growth since 2007/08, and exceeded its financial targets. Pernod Ricard also achieved a significant improvement in operating margin rate – up by75 bps to 25.7%.

Pierre Pringuet (pictured), chief executive of Pernod Ricard, comments: “Throughout the 2011/12 financial year, the group recognised its best growth rates since the 2008 crisis, be it for the top or bottom line. This is the result of a clear and constant strategy: substantial investments in our brands, innovation, premiumisation and geographic expansion. This performance also derives from a unique, decentralised organisation founded upon the motivation and the accountability of men and women.” He adds : “Despite the economic uncertainty, we are confident in the Group’s ability to deliver solid growth this year as well.”