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Pernod Ricard: H1 FY21 Confirms Sustainable Business Strength, With Growth Returning in Must-Win Domestic Markets USA, China and India


Pernod Ricard: H1 FY21 Confirms Sustainable Business Strength, With Growth Returning in Must-Win Domestic Markets USA, China and India
-2.4% organic decline in PRO
1 (-10.8% reported)
Press release Paris, 11 February 2021
SALES
Sales for H1 FY21 totalled €4,985m, with an
organic decline of -3.9% (-8.9% reported), with an unfavourable FX impact linked mainly to Euro appreciation vs. USD and Emerging market currencies.
H1 FY21 Sales declined but Q2 improved vs. Q1. For H1 FY21, the trends were:
Americas +2%: good growth in most domestic markets, with particular dynamism in USA (+5%), but significant decline in Travel Retail
Asia-RoW -6%: double-digit growth in China (+13%), Turkey, Korea and Pacific, and return to growth in India in Q2: +2% (India H1 -6%), but Covid-related declines in certain Asian markets and Travel Retail ....

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