Pernod Ricard released its Q1 trading statement. The OG stood at +3% (cons. at 1.1%). OG by division: Europe +3% (cons. +0.8%), the Americas +6% (cons +1.5%), Asia/ROW +1% (cons. 2%). OG by category: Top 14 brands +2%, Wines +8% (driven by Australia and UK), 18 Key Local brands +5% (in line with FY trends) and Others +4%. The FX impact was +7%. For the whole period, total sales were up by 9% (€2,223m). For FY 2015/16, the group guides for 1-3% OG in profit from recurring operations.
22 Oct 2015
Q1 update: strong Europe and the US, but China disappoints
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Q1 update: strong Europe and the US, but China disappoints
Pernod Ricard SA (RI:WBO) | 0 0 2.2% | Mkt Cap: 35,633m
- Published:
22 Oct 2015 -
Author:
Anna Zyniewicz -
Pages:
2
Pernod Ricard released its Q1 trading statement. The OG stood at +3% (cons. at 1.1%). OG by division: Europe +3% (cons. +0.8%), the Americas +6% (cons +1.5%), Asia/ROW +1% (cons. 2%). OG by category: Top 14 brands +2%, Wines +8% (driven by Australia and UK), 18 Key Local brands +5% (in line with FY trends) and Others +4%. The FX impact was +7%. For the whole period, total sales were up by 9% (€2,223m). For FY 2015/16, the group guides for 1-3% OG in profit from recurring operations.