Pernod Ricard FY sales boosted by Asia growth
on 06/09/11 at 11:28 amIndustry
Pernod Ricard has issued a confident forecast for the current fiscal year, after reporting solid sales growth for the 12 months ending June 2011. The group said it continues to see strong demand in Asia, and also highlighted a resurgence in the US market.
For the year, underlying EBIT rose by 8% to €1.9bn, while revenue grew by 7.9% to €7.6bn, with organic sales up 7%. The better-than-expected results outpaced figures from larger rival Diageo, and the group noted that it saw growth in all its regions, excepting Western Europe.