« The Group has proven very resilient through 2019/20 and demonstrated its agility and ability to keep its supply chains operational, control costs and manage cash. I would like to take this opportunity to praise the exceptional commitment of our teams during this difficult time.
For 2020/21, Pernod Ricard expects continued uncertainty and volatility, in particular relating to sanitary conditions and their impact on social gatherings, as well as a challenging economic climate. We anticipate a prolonged downturn in Travel Retail but resilience in the Off-trade in the US and Europe and sequential improvement in China, India and the On-trade globally.
We will stay on our strategic course and accelerate our digital transformation while maintaining strict discipline, with clear, purpose-based investment decisions. We will harness our agility and ensure we adjust quickly to seize new opportunities. Thanks to our solid fundamentals, our teams and our brand portfolio, I am confident that Pernod Ricard will emerge from this crisis stronger. »
ALEXANDRE RICARD
Chairman & CEO
