Strong resilience and agility in 2019/20

Chapter 4. Our results : Accelerating our performance

Strong resilience and agility in 2019/20

Strong resilience and agility in FY20

« 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