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Pernod Ricard, the world’s second largest wine and spirits group, published last Thursday its sales figures for the first nine months of the 2022/2023 fiscal year. With growth in all regions and good performance, the group expects further growth for the full year.
Satisfactory results for Pernod Ricard. The world’s number 2 in Wines and Spirits published its sales figures last week.
Sales for the first nine months of the 2022-2023 fiscal year showed growth of 13% on a comparable basis, amounting to 9,507 billion euros. Third-quarter revenues, meanwhile, were €2,391 billion, down 2%.
“The performance of the first nine months of the year was very strong and diversified. It confirms the strength of our business, with resilient volumes, a strong price effect and continued momentum in all regions and spirits categories”, said Alexandre Ricard, Chairman and CEO of the Group.
Sales grew in all regions. Asia grew strongly by 12%, driven by India, Turkey and Travel Retail.
Japan, Thailand and South Korea reported solid performances, while the rebound in Southeast Asia continued. Europe grew by 6%, driven by Spain, Travel Retail and Germany, while the Americas grew by 2% thanks to Latin America.
Good prospects
“Despite a global environment that remains volatile and markets that are normalizing, we are confident in our ability to deliver a strong performance for the year, with a very strong rebound expected in the fourth quarter”, added the CEO.
Based on continued targeted investments, very strong revenue growth in the fourth quarter, a positive currency effect and a share buyback program, the group expects organic growth of around 10% for the full year 2022/23.
Payment of a dividend
The group also announced that an interim dividend of €2.06 per share will be detached on July 5, 2023 and paid on July 7, 2023.
The final dividend amount will be submitted to the vote of the shareholders at the Annual General Meeting on November 10, 2023.
Read also >Pernod Ricard: massive losses in India after federal investigation
Featured photo : © Pernod Ricard[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
Pernod Ricard, the world’s second largest wine and spirits group, published last Thursday its sales figures for the first nine months of the 2022/2023 fiscal year. With growth in all regions and good performance, the group expects further growth for the full year.
Satisfactory results for Pernod Ricard. The world’s number 2 in Wines and Spirits published its sales figures last week.
Sales for the first nine months of the 2022-2023 fiscal year showed growth of 13% on a comparable basis, amounting to 9,507 billion euros. Third-quarter revenues, meanwhile, were €2,391 billion, down 2%.
“The performance of the first nine months of the year was very strong and diversified. It confirms the strength of our business, with resilient volumes, a strong price effect and continued momentum in all regions and spirits categories”, said Alexandre Ricard, Chairman and CEO of the Group.
Sales grew in all regions. Asia grew strongly by 12%, driven by India, Turkey and Travel Retail.
Japan, Thailand and South Korea reported solid performances, while the rebound in Southeast Asia continued. Europe grew by 6%, driven by Spain, Travel Retail and Germany, while the Americas grew by 2% thanks to Latin America.
Good prospects
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Pernod Ricard, the world’s second largest wine and spirits group, published last Thursday its sales figures for the first nine months of the 2022/2023 fiscal year. With growth in all regions and good performance, the group expects further growth for the full year.
Satisfactory results for Pernod Ricard. The world’s number 2 in Wines and Spirits published its sales figures last week.
Sales for the first nine months of the 2022-2023 fiscal year showed growth of 13% on a comparable basis, amounting to 9,507 billion euros. Third-quarter revenues, meanwhile, were €2,391 billion, down 2%.
“The performance of the first nine months of the year was very strong and diversified. It confirms the strength of our business, with resilient volumes, a strong price effect and continued momentum in all regions and spirits categories”, said Alexandre Ricard, Chairman and CEO of the Group.
Sales grew in all regions. Asia grew strongly by 12%, driven by India, Turkey and Travel Retail.
Japan, Thailand and South Korea reported solid performances, while the rebound in Southeast Asia continued. Europe grew by 6%, driven by Spain, Travel Retail and Germany, while the Americas grew by 2% thanks to Latin America.
Good prospects
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