Whisky generates profit increase for Pernod Ricard

Whisky generates profit increase for Pernod Ricard
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In the first half of its fiscal year, French liquor group Pernod Ricard achieved a turnover and profit increase, mostly thanks to its excellent Asian sales and the performance of its Jameson whisky brand.

Jameson grows nearly 20 %

Pernod Ricard's turnover grew 2 % (and 4 % organically) to 5.06 billion euro in the first half of 2016. Its net profit also grew 3 % from 896 million to 924 million euro.  

 

Increased global demand also helped Irish Jameson whisky grow nearly 20 %. The company's other brands also made progress, with 5 to 7 % increases for brands like Martell, Beefeater and Ballantine's. 

 

For its full fiscal year, Pernod Ricard forecasts a 2 to 4 % autonomous profit growth compared to the year before, despite "insecure market conditions", CEO Alexandre Ricard said.