Tag Archives: Pernod Ricard

Pernod Ricard Q1 sales boosted by international brands, growth in China

Pernod Ricard, the world’s no 2 spirits company by sales reported a 2% revenue growth in the first quarter ended 30 September. The spirits maker said that sales rose to €2.29bn ($2.69bn), up from €2.25bn in the previous year.

The company said sales received a boost from its international brands, which grew 8% in the period and includes names like Absolut vodka, Jameson Irish Whisky, Ballantine’s and Malibu. The firm notes that its wines also had a strong quarter, posting 8% growth.

Pernod Ricard sales buoyed by innovation, growth in the Americas

French spirits group Pernod Ricard on Thursday reported a 13% lift in profit for the full-year ended June 2017. The company said that profit rose to €1.4bn ($1.65bn) on the back of a €9bn sales growth.

The maker of Jameson Irish Whiskey and Absolut vodka said that the good performance was fueled by strong growth in the U.S., an improvement in China, tight cost control and by innovation, which it describes as new products or variations of existing brands, like Absolut Lime vodka or Jameson Black Barrel.

Strong growth in the US and Europe lift Pernod Ricard’s YTD sales

Pernod Ricard, the world’s second-biggest spirits maker on Thursday reported a revenue growth of 3% for the first 9-months of its 2016/17 financial year.

The company behind such brands as Absolut vodka, Jameson Irish Whisky and Martell cognac said that sales for the 9-months ending March 31 reached €7.04bn, from €6.8bn in the same period last year. The third quarter alone saw a 3% rise in sales to €1.987bn ($2.13bn). The spirits maker said that sales were driven by a 7% growth in the Americas, with the United States accounting for 5% of the growth. Brands such as Jameson Irish Whisky, Martell cognac and Altos tequila recorded double-digit sales growth, although, it notes that its Absolut vodka brand was in decline in the United States but there was a strong reception for Absolut Lime in that country.

U.S. demand for Irish whiskey and Cognac growth in China help lift Pernod Ricard’s sales and profit in first-half

French wine and spirits group Pernod Ricard said on Thursday that half-year sales for 2016/2017 financial year rose 2% to €5.06bn ($5.40bn), driven by continued success of its flagship Jameson Irish whiskey in the United States and a return to sales growth in China, helped by its Martell cognac.

Diageo’s credit quality ‘stronger’ than Pernod Ricard’s, says Moody’s

Credit rating agency Moody’s said in a report published on Monday that Diageo has a “stronger credit quality” than its rival Pernod Ricard.

Moody’s based its decision on Diageo’s lower leverage, larger size and market share, which it says supports stronger credit quality and a higher rating than its French rival Pernod Ricard.

Pernod Ricard sales rise on strong demand for Irish Whisky in the US, Europe

French spirit maker Pernod Ricard on Thursday reported a 1% sales growth in Q1 2016/2017 fiscal year to €2.248bn, from €2.223bn recorded a year earlier.

The maker of Chivas Regal Scotch Whisky, Malibu rum, among others said that growth was driven by strong demand for its Jameson Irish Whisky in the United States. According to the American Distilled Spirits Council, Irish whiskey was the fastest-growing spirits category in the U.S. last year, climbing 16% or almost twice the pace of bourbon.

Spirit companies launch new Alcohol information Partnership (AIP)

The world’s biggest spirit companies this week gathered in London to help launch The Alcohol Information Partnership (AIP), whose aim is to ensure the debate around alcohol and its misuse remains balanced.

Pernod Ricard delivers strong full-year results with profit rising 43%

French spirits maker, Pernod Ricard said on Thursday that revenue for the full-year ending 30 June 2016 rose 1% to €8.7bn ($9.6bn), up from €8.6bn in the previous year.

The maker of Jameson Irish Whisky, Absolut Vodka and Chivas Regal Scotch Whisky, among others said that revenue growth was largely driven by 4% growth acceleration in the USA and a 1% lift in Spain.

Beefeater Gin gets a new look

Beefeater London dry gin, the iconic brand from London, England is getting a new look to celebrate the city where it was founded. The brand which dates back to the 19th century is produced in South London and will now feature a hand-drawn map of the city to reflect how the gin continues to be made at its distillery in Kennington, South London.

The map will also capture iconic landmarks in the British capital. The new stylized bottle will also now feature a signature of the founder, James Burrough.

The update, which is as a result of consumer research in countries including Spain and the United States will be applied across all markets starting this month.

Nigeria’s Spirits market valued at $2bn

Nigeria’s spirit market is worth $2bn and growing at 6-per cent on average per year. That was the assessment of a recently published report by the United States Department of Agriculture (USDA) in their Global Agricultural Information Network (GAIN).