Leading drinks group Pernod Ricard today reported results for the 12 months to 30 July, with sales climbing by +21% year-on-year (+17% in organic terms) to €10,701 million.
The group reported a +48% leap in travel retail sales, led by a rebound in the Americas and Europe in particular. The company said it had achieved strong market share gains in the channels compared to pre-COVID. Crucially, travel retail profit is expected to return to pre-crisis levels by FY23.
The company also highlighted recovery in the on-trade and resilience in the off-trade as factors positively influencing its performance.
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