Wednesday 22 November 2017

Jameson stars for Pernod Ricard

Peter Flanagan

Peter Flanagan

SALES of Jameson shot up by nearly one-fifth during the three months to the end of September, helping its parent group post turnover of over €2bn.

The French drinks giant Pernod Ricard said Jameson sales climbed nearly 17pc during its first quarter, driven mainly by the US and Eastern Europe.

In volume terms the whiskey sales grew 12pc, with those figures translating into price/mix growth of some 6pc.

The company described Jameson's growth as "exceptional".

Overall, Pernod Ricard posted revenue of €2.2bn, with organic sales growing 5pc.

The company described the results as a "good overall performance" despite a "less favourable macro-economic environment and a difficult base of comparison".

Company chief executive Pierre Pringuet said he was still "confident in our capacity to continue to grow".

"We are setting a target for organic growth in profit from recurring operations close to +6pc for the 2012/13 financial year," he added.

Turnover was up 10pc year on year. Growth was focused in emerging markets, but "ongoing, marked bipolarisation in Europe".

Shares in the giant drinks group fell in Paris, closing off 0.96pc.

Irish Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business