Absolut boosted sales for Pernod Ricard in 2008/09 fiscal year

7 September 2009 | By Popsop Team

The Pernod Ricard Board of Directors’ meeting of 2 September 2009, chaired by Patrick Ricard, approved the financial statements for the 2008/09 financial year ended 30 June 2009.

Despite a difficult economiс environment, Pernod Ricard achieved a very good performance over the 2008/09 financial year, featuring:

  • Strong sales growth, thanks to the Absolut contribution.
  • Very significant increase in operating profit margin (profit from recurring operations / sales) to 25.6% (+250 bps).
  • Sharp growth in group share of net profit from recurring operations (+13%), bolstered by the successful integration of Absolut and control of the average cost of borrowing.
  • Strong debt reduction and significantly improved financial ratios.

The company reports that the profits was driven up to 12.5% (comparing with the last year) by the acquisition of the owner of Absolut vodka, Vin & Sprit.

pernod_ricard_sales_absolut_vodka

Net sales also increased, by 9.3% to EUR7.2bn, while operating profit leapt by 21.9% to EUR1.76bn.

Read the full Press Release here.

Popsop.com
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