Pernod Ricard's H1 results: sales grew organically +3% (cons +2.9%). Pricing was up 1%, but the mix was negative. On reported figures, sales were up +7% (FX: +5%). The organic profit from recurring operations stood at 3% (cons +2.3%) and at +2% when adjusted for the earlier Chinese New Year. On reported figures, the operating margin was down by 40bp (to 29.0%) on more intensive A&P spending (+6% for the period). Organic sales growth by region: Americas +4%, Asia/ROW +5%, Europe +1%. OG by
11 Feb 2016
H1 confirms the trends seen in Q1
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H1 confirms the trends seen in Q1
Pernod Ricard SA (RI:WBO) | 0 0 2.2% | Mkt Cap: 35,633m
- Published:
11 Feb 2016 -
Author:
Anna Zyniewicz -
Pages:
3
Pernod Ricard's H1 results: sales grew organically +3% (cons +2.9%). Pricing was up 1%, but the mix was negative. On reported figures, sales were up +7% (FX: +5%). The organic profit from recurring operations stood at 3% (cons +2.3%) and at +2% when adjusted for the earlier Chinese New Year. On reported figures, the operating margin was down by 40bp (to 29.0%) on more intensive A&P spending (+6% for the period). Organic sales growth by region: Americas +4%, Asia/ROW +5%, Europe +1%. OG by