Pernod Ricard reports its best growth since 2007/08

In 2011/12, Pernod Ricard achieved its best growth since 2007/08, exceeding the financial
targets that had been announced. 

• accelerated sales growth to +8% (1)
• growth (1)  in profit from recurring operations of +9% compared to a target of  “close to +8% (1)”
• significant improvement in operating margin rate (+75 bps)
• completion of debt refinancing and accelerated debt reduction with a net debt to EBITDA ratio (2) of 3.8 at 30 June 2012 compared to a guidance of “close to 3.9” 
• proposed dividend of €1.58 per share, an increase of +10%

Pierre Pringuet, Chief Executive Officer of the Group, commented:
"Throughout the 2011/12 financial year, the Group recognised its best growth rates since the 2008 crisis, be it for the top or bottom line. This is the result of a clear and constant strategy: substantial investments in our brands, innovation, premiumisation and geographic expansion. This performance also derives from a unique, decentralised organisation founded upon the motivation and the accountability of men and women, that Patrick Ricard bestowed upon us." He also added : "Despite the economic uncertainty, we are confident in the Group's ability to deliver solid growth this year as well."

See Press Release for more details.