Pernod Considers Fiscal Year “Highly Satisfactory”

Dear Client:Pernod Ricard said it’s been a “highly satisfactory” year considering the “difficult economic environment” in a trading up date for the 2008-2009 financial year ended June 30. Pernod expects annual sales to grow by about 9%, with organic growth close to flat and a negative foreign exchange effect of around -2%. The company experienced a “strong increase” over the first half of the year, but sales slowed over the second half of the year and particularly the third quarter.