Pernod Ricard posts record sales for 2021-22

Pernod Ricard has released its Sales and results for FY22 and revealed a record year with excellent performance, including +21 per cent reported sales growth (+17 per cent organic) and +25 per cent reported growth in PRO1 (+19 per cent organic).

Sales in all regions grew in double digits:

• Americas: +12 per cent, very strong growth in North America and very dynamic growth in LATAM, supported with a strong rebound in Travel Retail
• Asia-RoW: +19 per cent, excellent growth led by India, Turkey, China and Sub-Saharan Africa. Very strong performance in Korea and Japan
• Europe: +19 per cent, excellent growth in Europe, led by Spain, Germany, Poland, UK and with a very strong rebound in Travel Retail.

All spirits categories delivered strong double digit growth:

• Strategic International Brands: +18 per cent, excellent growth across all regions led by Jameson,
• Chivas Regal, Ballantine’s, Absolut and Martell
• Strategic Local Brands: +18 per cent, very strong growth notably led by Seagram’s Indian whiskies,
• Kahlua, Olmeca and Seagram’s Gin

Specialty Brands saw an uplift of +24 per cent, with continued very rapid development led by American Whiskies, Gins and Agave brands, and specialty Brands doubled their weight in Sales vs. FY19

Strategic Wines fell -4 per cent, reflecting a overall soft performance, in particular due to New Zealand’s lower harvest.

“Three words summarize Pernod Ricard’s excellent performance in FY22: record, balanced and sustainable,” said CEO and Chairman, Alexandre Ricard. “FY22 was a record year in many respects. Our Sales broke the symbolic milestone of €10 billion with our fastest growth rate in over 30 years, delivering a record €3 billion profit from recurring operations at a record operating margin of 28.3 per cent.

“FY22’s performance was also very well balanced. Growth was driven by all regions, categories, price points and channels, with a comparable contribution from both mature and emerging markets. Most importantly, our performance was sustainable thanks to the real progress we’ve made on delivering our strategic roadmap ‘Good Times from a Good Place’.

“There has definitely been a newfound appreciation for conviviality since the Covid outbreak and I would like to take this opportunity to praise our teams whose commitment has never wavered, and who continue to play a key role in facilitating convivial experiences with our brands around the world.

“While we are faced with a challenging and volatile environment, I am confident that our unique competitive advantages and the rapid deployment of our digital transformation will enable us to deliver our FY23 to FY25 medium-term financial framework.”