PARIS--(BUSINESS WIRE)--Regulatory News:
Press release - Paris, 22 October 2015
Sales for the first quarter of 2015/16 totalled € 2,223 million. Pernod Ricard (Paris:RI) posted organic growth of +3%, confirming the continuation of a gradual improvement in Sales growth, with:
- A good start in Europe (+3%)
- Improvement in the Americas (+6%) driven by the USA
- Growth deceleration in Asia-Rest of World (+1%) due to a difficult environment in China
Reported growth was +9% due to a highly favourable foreign exchange impact over the period.
The Top 14 posted a good performance (+2%), driven by Jameson and The Glenlivet.
Priority Premium Wines rebounded at +8%, due to improvement in the UK and Australia.
The 18 Key Local Brands grew +5% thanks to Indian whiskies and Passport.
As part of this communication, Alexandre Ricard, Chairman and Chief Executive Officer, stated: “The beginning of the financial year is consistent with our scenario of continued gradual improvement in Sales in a contrasted environment. We are aiming for +1% to +3% organic growth in Profit from Recurring Operations for FY 2015/16 and we expect a positive but volatile foreign exchange impact*. We continue to implement our long-term growth strategy, while increasing investments behind our priority brands and innovations and remaining very disciplined on costs and pricing.”
*Over the full 2015/16 financial year, the foreign exchange impact on Profit from recurring operations is estimated at approximately +€ 20 million, based on average FX rates for full FY 2015/16 projected on 16 October 2015 , particularly a EUR/USD rate of 1.13.
Note: All growth data specified in this press release refers to organic growth (at constant FX and Group structure), unless otherwise stated.
A detailed presentation of Sales for the first quarter of 2015/16 can be downloaded from our website: www.pernod-ricard.com
About Pernod Ricard
Pernod Ricard is the world’s co-leader in wines and spirits with consolidated Sales of € 8,558 million in 2014/15. Created in 1975 by the merger of Ricard and Pernod, the Group has undergone sustained development, based on both organic growth and acquisitions: Seagram (2001), Allied Domecq (2005) and Vin&Sprit (2008). Pernod Ricard holds one of the most prestigious brand portfolios in the sector: Absolut Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Kahlúa and Malibu liqueurs, Mumm and Perrier- Jouët champagnes, as well Jacob’s Creek, Brancott Estate, Campo Viejo, Graffigna and Kenwood wines. Pernod Ricard employs a workforce of approximately 18,000 people and operates through a decentralised organisation, with 6 “Brand Companies” and 80 “Market Companies” established in each key market. Pernod Ricard is strongly committed to a sustainable development policy and encourages responsible consumption. Pernod Ricard’s strategy and ambition are based on 3 key values that guide its expansion: entrepreneurial spirit, mutual trust and a strong sense of ethics.
Pernod Ricard is listed on Euronext (Ticker: RI; ISIN code: FR0000120693) and is part of the CAC 40 index.
Sales by Region
|Q1 2014/15||Q1 2015/16||Change||Organic Growth||Group Structure||Forex impact|
|Asia / Rest of the World||855||42,0%||938||42,2%||82||10%||7||1%||(2)||0%||77||9%|
|World||2 037||100,0%||2 223||100,0%||186||9%||61||3%||(8)||0%||133||7%|
Foreign exchange impact Q1 2015/16 Sales
Forex impact Q1 2015/16
|Average rates evolution||On Net Sales|
Foreign Exchange Impact for the Full-Year 2015/16 on Profit from recurring operations
Over the full 2015/16 financial year, the foreign exchange impact on Profit from recurring operations is estimated at approximately +€ 20 million, based on 16 October 2015 foreign exchange rates, particularly EUR/USD of 1.13.