Pernod Ricard has reported organic sales growth of 3% for the first quarter to €2.2bn.
The company reported a good start with a 3% increase, while the 6% uplift in the Americas was driven by the USA. It said growth in Asia and the rest of the world was at 1% mainly due to a difficult environment in China.
Alexandre Ricard, chairman and chief executive, said: “The beginning of the financial year is consistent with our scenario of continued gradual improvement in sales in a contrasted environment. We are aiming for +1% to +3% organic growth in Profit from Recurring Operations for FY 2015/16 and we expect a positive but volatile foreign exchange impact.
“We continue to implement our long-term growth strategy, while increasing investments behind our priority brands and innovations and remaining very disciplined on costs and pricing.”