PARIS, Nov 22 (Reuters) – French spirits group Pernod Ricard (PERP.PA) is assured that its enterprise in Europe, the Center East, Africa and Latin America (EMEA/LATAM) will proceed to ship above market gross sales development whereas defending its margins within the 2023 fiscal yr, EMEA-LATAM CEO Gilles Bogaert mentioned on Tuesday.
Bogaert was talking in a video clip forward of an investor presentation later within the day.
A key focus for the area, which accounts for about 30% of group gross sales, entailed rising income to guard margins, persevering with to extend costs, “agile” useful resource allocation and additional digital transformation, he mentioned.
Final month, Pernod Ricard, the world’s second-biggest spirits group behind Diageo (DGE.L), mentioned it was assured group gross sales development would stay dynamic by way of the fiscal yr to June 30 after it delivered forecast-beating gross sales within the first quarter helped by worth increases as consumers trade up to its premium spirits.
Reporting by Dominique Vidalon;
Enhancing by Sudip Kar-Gupta, Kirsten Donovan
Our Requirements: The Thomson Reuters Trust Principles.
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