Chivas owner Pernod Ricard toasts strong US demand

Pernod Ricard, the world's second-biggest producer of wine and spirits, has topped first-quarter performance expectations amid strong demand for Jameson Irish whiskey in the US.
By The Newsroom
Published 21st Oct 2016, 07:06 BST
Updated 25th Oct 2016, 20:44 BST

This article contains affiliate links. We may earn a small commission on items purchased through this article, but that does not affect our editorial judgement.

Pernod Ricard is Scotland's second-biggest Scotch distiller. Picture: John DevlinPernod Ricard is Scotland's second-biggest Scotch distiller. Picture: John Devlin
Pernod Ricard is Scotland's second-biggest Scotch distiller. Picture: John Devlin

The French group – which ranks as Scotland’s second-largest Scotch distiller with brands such as The Glenlivet, Chivas Regal and Royal Salute – posted a 4 per cent rise in revenues for the three months to the end of September. Analysts had been predicting a sales increase of about 2.7 per cent.

Read More
Where are the biggest growth markets for Scotch whisky?

Total sales during the first quarter amounted to £2 billion, with the Americas chalking up the highest growth, up 8 per cent, followed by Europe at 6 per cent.

Hide Ad
Hide Ad

Chief executive Alexandre Ricard said it was a “good start” to the financial year, and re-confirmed guidance for full-year profit growth of between 2 and 4 per cent. The group’s strategic international brands – particularly Chivas, Absolute and Jameson – sold strongly in the UK.

Click here to ‘Like’ The Scotsman Business on Facebook

Related topics:Scotland