Pernod Ricard Q3 Sales Climb 19%, Backs Full Year Profit View

27-Apr-2015 - France

Pernod Ricard SA (PDRDF.PK, PDRDY.PK, PRN.L), a French producer of spirits and wines, Thursday said sales for the third quarter increased to 1.921 billion euros from 1.616 billion euros in the previous year. 

Organic growth was 7 percent and forex had a positive impact of 12 percent. Growth was in part favored by the comparative basis, the company noted. Alexandre Ricard, Chairman and CEO, said, "Our Sales growth to date at +2% is solid and confirms the gradual improvement we had announced in October, in an environment that remains challenging." 

The company, further, confirmed its 2014/15 guidance of organic growth in profit from recurring operations between 1 and 3 percent. 

Ricard added that the company is also benefiting from a highly positive forex impact, driven by the stronger US dollar. The forex impact on profit from recurring operations is now estimated at 180 million euros for the full FY2014/15. (dpa)

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