Our business rebounded powerfully during FY21 to exceed FY19 levels. Sales grew in all regions, and Pernod Ricard gained market share in most key markets. Business transformation momentum was also strong, with significant investments behind priority brands and markets, impressive progress in digital transformation, excellent e-commerce growth (+63%) and an acceleration of our sustainability roadmap. Cash performance was also outstanding, with Recurring Free Cash Flow at €1,745m, a historical high.
We expect this sales momentum to continue in FY22, kicking off with a dynamic Q1. I would like to take this opportunity to praise the exceptional commitment of our teams during this difficult time, and express my support to those who have been or continue to be impacted by this pandemic. The ‘Transform & Accelerate’ strategy launched in 2018 has led to significant evolutions within the Group, and the fundamental consumer insights driving the strategy are now more compelling than ever. As a result, Pernod Ricard is well on the path of a transformational journey to become the world-leading Conviviality Platform and to maximise long-term value creation.
ALEXANDRE RICARD,
CHAIRMAN & CEO
