Pernod Ricard (PRN.L,PER.DE,PDRDF.PK,RI.PA) reported that its first half net profit declined 17% to 1.0 billion euros. Group share of net profit from recurring operations was 1.02 billion euros, a decline of 20.1%. Net earnings per share from recurring operations was 4.04 euros, down 20.1%.
First half net sales declined 15% year-over-year to 5.25 billion euros. Organic sales decline was 5.9%, for the period.
For fiscal 2026, the company continues to expect a transition year with improving trends in organic net sales, skewed toward second half. For the medium term, the company projects organic net sales growth, aiming for the range of 3% to 6% p.a. on average, with annual organic operating margin expansion.
At last close, Pernod Ricard shares were trading at 81.7 euros, down 3.61%.
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