Pernod Ricard increases net sales by 7 percent
Crisis, what crisis? Pernod Ricard has seen the sales of its luxury brands rise 9 percent in volume during the past quarter.
Pernod Ricard’s consolidated net sales (excluding duties and taxes) for the first quarter 2007/08 (1 July to 30 September 2007) increased by 6.9 percent to EUR 1,557 million, compared to EUR 1,457 million in the same quarter last year. Organic growth was 11.6 percent, with foreign exchange and group structure impacts of -1.9 percent and -2.4 percent, respectively.
Those you of who had the odd glass of Balantine’s or a Pina Colada mixed with Havana Club will be interested to note that Pernod Ricard’s spirits business recorded growth of 13.4 percent, due to good performances in all geographic regions. The wines business improved by 3.3 percent.
The development of luxury brands remains one of the leading growth drivers, says Pernod Ricard. In total, the growth by all 15 strategic brands reached 9 percent in volume and 16 percent in value. Nine of them recorded double-digit growth rates in value: Martell (+39%), Jameson (+24%), Ballantine’s (+22%), Havana Club (+22%), Chivas Regal (+19%), Mumm (+19%), Malibu (+13%), The Glenlivet (+13%) and Jacob’s Creek wines (+10%).
