PRESS RELEASE Neuilly-sur-Seine, France – April 25, 2024 Strong start to the year; 2024 outlook confirmed Q1 2024 Key figures1 Revenue of EUR 1,439.5 million in the first quarter of 2024, up 2.5% year-on-year and up 8.0% organicallyStrong organic growth from Industry +16.3%, Certification +13.7%, Marine & Offshore +13.6%, compared to the first quarter of 2023; growth of +6.1% for Consumer Products Services, +3.6% for Buildings & Infrastructure and +3.2% for Agri-food & CommoditiesThe scope effec
PARIS/LONDON (Reuters) -Pernod Ricard missed third-quarter sales forecasts on Thursday as its big U.S. and Chinese businesses remained under heavy pressure, and the spirits group will need an uptick in demand over the next few months to meet its full-year target. Consumers have been cutting back on expensive spirits in the world's top two economies, and Pernod, which makes Martell cognac and Absolut vodka, had been hoping trends would improve following a cut to its full-year forecast in February. In the United States, wholesalers and retailers continued to cut expensive spirits from their inventories as sales come off extraordinary highs seen after COVID-19, Pernod said.