Asia behind business boost for Pernod Ricard
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Turnover at French wine and spirits producer, Pernod Ricard, rose for the third quarter running due to increased popularity of its most popular brands and healthy sales in emerging Asian markets. Turnover at the world's number two drinks-maker, rose to 1,6 billion euros, an increase of five per cent over the same period last year.
Sales of five of the company's top brands were all up. Royal Salute and Jameson whiskey rose 26 and 22 per cent respectively while Martell cognac increased by 25 per cent and sales of Perrier-Jouët champagne were up 21 per cent.
Pernod Ricard says business in China and India continues to grow while the situation in Thailand, Australia and more recently Japan is more difficult.
Turnover in the United States has picked up with an increase of 12 per cent to 413 million euros in the third quarter.
Financial Managing Director Gilles Bogaert said global markets, with the exception of Spain, were performing well although in Europe the situation was more complicated. Sales in the region fell three per cent to 1,6 billion euros.
In Spain, the group's fourth largest market, sales are in decline but at a slower rate than last year.
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