In Asia, the company grew sales by 1 per cent, with double-digit growth in India and Africa/Middle East, but difficulties in China (-9 per cent), Korea and Travel Retail.
The key brands for growth through the year were Jameson, Ballantine’s, Perrier-Jouet and Indian whiskies. Difficulties were experienced with Chivas and Absolut however.
The company said that the launches of Jameson Caskmates, The Glenlivet Founder’s Reserve and Chivas Extra were successful.
Alexandre Ricard, Chairman and CEO, said: “FY16 was a solid and encouraging year, delivering Profit from Recurring Operations in line with guidance while maintaining investment and implementing significant initiatives to deliver our medium-term strategy and objectives.
For full year FY17, in a contrasted environment, we expect to continue improving our business performance year-on-year vs. FY16, supporting priority markets, brands and innovations and focusing on operational excellence.”
Pernod Ricard is expecting organic growth in PRO in FY17 to be between 2 per cent and 4 per cent.
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