Reported net sales increased 13% to €12.13 billion ($13.2 billion) in the fiscal year ended June 30, with a favorable foreign exchange impact primarily due to the appreciation of the dollar against the euro.
Alexandre Ricard, Chairman and CEO, said: “Pernod Ricard delivered a solid annual performance, delivering double-digit overall growth in sales and earnings despite a volatile environment.
“The relevance of our growth strategy, the desirability of our brands as well as the commitment and agility of our teams have enabled us to gain market share in most markets and to strengthen our prices”, adds Ricard.
The group’s strategic international brands grew by 11%, with strong momentum led by Scotch, Martell, Jameson and Absolut. Strategic local brands grew by 10%, driven by Indian whiskeys Seagram and Olmeca.
Specialty brands grew by 8% with growth led by Lillet, Aberlour, Malfy and the Spot Range. Strategic wines grew by 2%, with an “overall soft performance” driven by Jacob’s Creek and Campo Viejo in the United Kingdom and North America.
“Our transformation journey continues to accelerate through the deployment of organizational, business and marketing initiatives driven by technology and data,” added Ricard. “We are making solid progress on our sustainability and responsibility roadmap to 2030.”
The Americas grew 2%, with dynamic growth in Latin America led by Mexico and low single-digit growth in North America. After a “high base of comparison” in the first quarter, sales in the United States stagnated, with a positive outlook for the full year.
The Asia and Rest of the World region climbed 17% with “excellent broad-based growth led by India, the recovery of Travel Retail, China and Turkey,” the company said.
The group recorded “solid” performances in Japan, South Korea and a “dynamic rebound” in Southeast Asia.
A difficult macroeconomic environment in China led to lower net sales in the first quarter.
Europe saw its sales increase by 8%, with strong resilience and a sharp rise in prices with growth driven by Spain, Germany and a rebound in Travel Retail.