Pernod’s Recent M&A Activity Focused on Reinforcing US Market Footprint

Dear Client:   Pernod Ricard kicked off its fiscal year with global sales up 11% on an organic basis for the first quarter ended September 30.  "I am hugely encouraged by our start to the year," says Pernod chief Alex Ricard. "Our performance continues to be broad-based with growth across many markets and diversified across our portfolio with all spirit segments in double digit growth."  PHASING LEADS TO SLOWDOWN IN US PERFORMANCE. In the US, sales were up just 2%