Pernod Ricard reports organic sales growth of 9.7% last year, but said adverse foreign exchange owing to U.S. Dollar and emerging market currency depreciation cut reported sales gain to 4.6%. Sales in the Americas were up 14% with broad growth in the U.S., Canada and South America. Sales in Asia-REst of World were up 11% and those in Europe gained 4%.
Strategic international brands were up 11% and strategic local brands gained 7%.
The company’s reported net profit exploded, rising to 1.3 billion euros from 329 million euros. It did not calculate a per-share result. Organically, profit advance 18.3%. Looking at profit from recurring operations, the company said profit rose 7% to $3.9 billion from 2.26 billion eurpes a year earlier.