First Quarter Sales 2014/15 : return to growth in Q1 despite a difficult environment 10/23/2014

Organic Sales Growth : +2%

2014/15 Guidance : Organic growth in PRO between +1% and +3%

Download the Press Release

Sales for the first quarter of 2014/15 totalled € 2,037 million. Pernod Ricard posted organic growth of +2%, representing a return to growth, including:

- a gradual improvement in Asia-Rest of World (+4%)

- a mixed performance in Europe (-1%)

- continued growth in the Americas (+3%)

Reported growth was +1% due to a slightly unfavourable foreign exchange effect over the period.

The Top 14 (+2%) returned to growth. 

Priority Premium Wines declined (-3%) despite the continued growth of the Campo Viejo and Brancott Estate brands. 

The 18 Key Local Brands (+7%) reported very good growth driven by Indian whiskies.

As part of this communication, Pierre Pringuet, Chief Executive Officer, stated: "Pernod Ricard's return to growth in the first quarter illustrates the Group's resilience in a difficult context. We are confident in the strength of our portfolio and distribution network. The roll-out of project Allegro will contribute to strengthening our operational efficiency."

Alexandre Ricard, Deputy Chief Executive Officer and Chief Operating Officer, added: "For the full financial year we anticipate a gradual improvement in sales, in an environment that will remain difficult. We plan to increase investment behind our priority brands and innovations. As a result, our 2014/15 guidance is organic growth in profit from recurring operations between +1% and +3%."

A detailed presentation of sales for the first quarter of 2014/15 can be downloaded from our website: www.pernod-ricard.com 

Note: All growth data specified in this press release refers to organic growth, unless otherwise stated.

About Pernod Ricard Pernod Ricard is the world's co-leader in wines and spirits with consolidated sales of € 7,945 million in 2013/14. 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 (formerly Montana), Campo Viejo and Graffigna 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 the NYSE Euronext exchange (Ticker: RI; ISIN code: FR0000120693) and is a member of the CAC 40 index.



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