Pernod Ricard: Q3 sales flat on organic basis

(CercleFinance.com) - Pernod Ricard has posted Q3 2023-24 sales of E2.
35bn, down 2% as reported and flat on an organic basis (+2% excluding Russia), with volumes up around 1% after four consecutive quarters of decline.

This solid performance reflects the strength of our broad and diversified portfolio of international and premium spirits, as well as our balanced geographic exposure between emerging and mature markets, the company said.

Pernod Ricard remains confident in its medium-term ambition, which targets sales growth at the top end of a range between +4% and +7%, and an expansion in operating margin on ordinary activities of +50bp to +60bp.


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