Earnings release
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Q1 FY22 Sales Pernod Ricard Créateurs de convivialité Press release - Paris , 21 October 2021 VERY DYNAMIC Q1 AT + 20 % , ON LOW COMPARISON BASIS , WITH STRONG DEMAND IN MOST MARKETS Q1 REPORTED GROWTH + 22 % Sales for the first quarter of FY22 totalled € 2,718 million , with an organic growth of + 20 % : • • Very dynamic start in all regions , with robust demand and strong shipments ahead of festive season Off - trade remaining resilient and markets supported by On - trade reopening Travel Retail still very subdued but benefitting from low basis of comparison . By category , Sales were driven by : • • • • Strategic International Brands : + 24 % , with broad - based growth , in particular for Martell , Jameson , Ballantine's , Chivas Regal and Absolut . Positive price / mix Strategic Local Brands : + 15 % , driven by strong double - digit growth of Seagram's Indian whiskies Specialty Brands : + 21 % , thanks in particular to Malfy , Avion , Del Maguey , Aberlour , Monkey 47 , US whiskeys and Lillet Strategic Wines : -7 % ( vs. + 9 % in Q1 FY21 ) due in particular to New Zealand supply constraints . Reported Sales growth was + 22 % , with an overall favourable FX impact , mainly from Chinese yuan . As part of this communication , Alexandre Ricard , Chairman and Chief Executive Officer , stated , " We have had a very dynamic start to the year , as expected , with strong demand in most markets . The Off - trade remains resilient and I am particularly pleased to note the continued recovery of the On - trade . We expect good sales growth to continue through FY22 , albeit moderating vs. Q1 . We will continue to implement our strategy , notably accelerating our digital transformation and reinvesting to seize present and future growth opportunities . "