Pernod Ricard SA, the French drinks producer, this morning raised its earnings expectations thanks to Chinese and Indian demand for premium liquor and after its third quarter revenue rose 14%. It said that revenue in the January to March period rose to Eu1.54bn from Eu1.35bn a year earlier. Pierre Pringuet, Pernod Ricard’s chief executive, said in a statement that the full year outlook has improved. He expects profit from recurring operations to increase by 3%, compared to the previous target of between 1 and 3%. The strongest growing brands in the quarter were Martell cognac, Jameson whisky and Absolut vodka.

Topics