Pernod Ricard recently announced full year 2018 results. Sales totalled Euros 8,987m. Organic sales growth accelerated to +6.0% vs +3.6 in FY17, thanks to consistent strategy implementation. Reported sales were down -0.3%. Sales were very strong, with broad-based growth coming from a wide spectrum of markets: Americas - continued dynamism of +6%, with USA now growing broadly in line with market and acceleration in Mexico and Brazil; Asia-rest of world - acceleration +9%, thanks to return to strong growth in China and India; Europe - modest growth +2%, with good momentum in Easter Europe, Germany and UK but difficulties in France and Spain; Travel retail - in good growth across all regions, thanks in part to new organisation leading to value market share gains.
