logo
Plus   Neg
Share
Email

Pernod Ricard Q3 Sales Rise; Lifts FY19 Profit Outlook - Quick Facts

French drinks company Pernod Ricard SA (PDRDF.PK,PDRDY.PK,PRN.L) Thursday reported that its third-quarter sales were 2.00 billion euros, up 4.5 percent from last year's 1.92 billion euros.

Americas' sales rose 7 percent to 567 million euros, while Europe sales increased 6 percent and Asia/Rest of the World sales grew 5 percent.

Sales on an organic basis in the quarter grew 2.5 percent, reflecting Chinese New Year Phasing and start of wholesaler inventory optimisation in the U.S. This comprised a 2 percent rise in organic sales in the Americas, 2 percent growth in Europe, and 3 percent increase in Asia-RoW.

Sales for the first nine months of fiscal 2019 totaled 7.19 billion euros, with organic growth of 6.3 percent, driven by the Emerging markets.

Looking ahead to fiscal 2019, Pernod Ricard now projects organic growth in profit from recurring operations of around +8 percent. In February, the company forecast full year organic growth in profit from recurring operations between +6 percent and +8 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Incredible Fish, Inc. has recalled a small quantity of Incredible Stone Crab Mustard Sauce citing undeclared milk, fish, and eggs allergens, the U.S. Food and Drug Administration announced. The Miami-based wholesale seafood distributor sold the recalled product to a limited number of consumers between October 15 and October 22, 2020, primarily through the company's website. Facebook said Tuesday that it has helped 4.4 million people register to vote for the upcoming U.S. presidential election on November 3, exceeding the tech giant's goal of helping 4 million voters to register. In June, Facebook said it created a new Voting Information Center to provide users with authoritative information, including how and when to vote. Facebook has launched cloud-streamed games in the Facebook app and on browser, which are playable instantly, with no downloads required. These cloud-streamed games can be played right alongside those playing instant games in HTML5. The access to cloud games on Facebook will roll out in the US, initially across California, Texas and Northeast and Mid-Atlantic states.
Follow RTT