The Pernod Ricard Group this morning announced lower results for the first nine months of its 2024/2025 financial year, as well as for its third quarter : cumulative sales to end March 2025 amounted to 8.454 billion euros, down -4% on an organic basis and -5% on a reported basis, impacted by an unfavorable exchange rate effect of 145 million euros. Third-quarter sales totaled 2.278 billion euros, also down -3%.
Customs duties, unfavorable exchange rates, regulatory disruptions, geopolitical tensions and economic slowdowns : in an international context marked by considerable turbulence, numerous factors impacted on the sales dynamic of the world’s number two spirits company. Nevertheless, the Group maintained its strategy of execution, relying on the strength of its brand portfolio, geographic diversification and targeted operational measures.
However, despite this difficult environment, volumes were up by 1% over nine months, but the price/mix effect was negative at – 5%, reflecting a refocusing on lower value-added markets and a tense pricing environment.
Contrasting dynamics across the globe
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Read also > Pernod Ricard strengthens its premiumization strategy with the sale of its wine division
Featured photo : © Pernod Ricard
