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Pernod Ricard, which owns Martell cognac, Mumm champagne and Absolut vodka, said profit from current operations in the six months to Dec. 31 reached 2.423 billion euros ($2.6 billion), an organic rise of 12% above analysts’ expectations for an 8.2% increase.
Sales at Pernod – whose rivals include Diageo (LON:DGE) and Remy Cointreau – totalled 7.116 billion euros in the first half, representing an organic rise of 12%, compared with analysts’ expectations for a 9.7% increase.
Pernod Ricard’s fiscal year started on July 1.
($1 = 0.9342 euros)
