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Pernod posts 11% sales and 20% net profit increases
Pernod Ricard has announced an 11% increase in sales and a 20% increase in net profit for the six months ending December 31, 2011.
The French-based global premium drinks company reports a dynamic sales (+11%) driven by its top 14 global brands improved margins and accelerated profits growth (+17%).
Key figures:
- Sales: € 4,614 million (+8%, organic growth +11%), driven by the Top 14 (+14%(1)) and emerging markets (+18%(1));
- Advertising & promotion expenditure: up 8%(1), representing a stable A&P to sales ratio;
- Profit from recurring operations: € 1,379 million (+14%, organic growth +17%);
- Group share of net profit from recurring operations: € 843 million (+16%);
- Group share of net profit: € 800 million (+20%);
- Continued strong deleveraging: Net Debt/EBITDA ratio(2) of 3.9 at 31 December 2011 vs. 4.4 at 30 June 2011.
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