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Pernod Ricard sees sales, profit growth pick up in medium term

June 02, 2015 at 02:27 am EDT

PARIS (Reuters) - French spirits maker Pernod Ricard (>> PERNOD RICARD) said on Tuesday it expected underlying net sales and operating profit growth to accelerate in the medium term to between 4 percent and 5 percent.

The world's second-largest spirits maker after Britain's Diageo (>> Diageo plc) also said in slides available on its website ahead of an Investor Day that its target for underlying operating profit growth remained unchanged at 1-3 percent for the full year to June 30, 2015.

The maker of Absolut vodka, Martell cognac and Jameson whiskey faces slow growth in two key markets, China and the United States, and Chairman and CEO Alexandre Ricard has made top line growth a priority.

(Reporting by Dominique Vidalon, editing by Astrid Wendlandt)

Stocks treated in this article : PERNOD RICARD, Diageo plc

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	DIAGEO PLC	2,819 GBX	-1.33%	+1.77%	78.28B
	PERNOD RICARD	145.1 EUR	+0.03%	+3.02%	38.95B

Alexandre Ricard

Alexandre Ricard is a French businessperson who has been at the helm of 6 different companies and presently is Chairman & Chief Executive Officer of Pernod Ricard SA and Member-Management Board at Pernod Ricard North America SASU and Member-Management Board at Pernod Ricard Asia SAS (both are subsidiaries of Pernod Ricard SA). He is also Member-Management Board at Pernod Ricard North America SASU and Member-Management Board at Pernod Ricard Asia SAS and on the board of 8 other companies. In the past Alexandre Ricard held the position of Chief Executive Officer for Pernod Ricard Asia Duty Free Ltd., Manager for Havana Club Know-How SARL, Chief Executive Officer of Lirix SA, Chairman of Le Delos Invest III, Chairman & Chief Executive Officer of Irish Distillers Ltd., Director, Chief Financial & Administration Officer at Irish Distillers Group Ltd. and Member-Management Board at Société Paul Ricard SA. Mr. Ricard received a graduate degree from the University of Pennsylvania, an undergraduate degree from ESCP Europe Campus Paris and an MBA from The Wharton School of the University of Pennsylvania.

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