My Account Menu

CAPA Login

Register to trial CAPA Membership!

Duty free markets help lift Pernod Ricard results


Pernod Ricard reported a strong result for the six months ended 31-Dec-2010, thanks to strong growth in Asian markets and better duty free results. The company reported a 13% year-on-year increases in revenue, including a 29% increase in the Asia Pacific/rest of the world, and a 15% boost in sales in the Americas.

The “outstanding” Asia/rest of the world growth was driven by “very strong development” in China, India, Vietnam, Taiwan and duty-free markets, including some one off events. Shares in Pernod Ricard were down 0.9% on Friday, while shares in Moet Hennessy Louis Vuitton (LVMH Group) were down 1%.

Selected Duty Free daily share price movements (% change): 21-Feb-2011

Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.