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Pernod Ricard reports FY26 results amid a challenging market environment
Pernod Ricard has announced its full-year FY26 sales and results, highlighting a year marked by a contrasted global environment and continued pressure in key markets.
For FY26, the Group recorded organic net sales of -3.9%, while reported sales declined by 14.2%. Performance was particularly affected by continued softness in the United States and weak demand in China, while other regions showed improving trends and growth.
Despite the challenging environment, Pernod Ricard reported improving momentum in the second half of the year, with organic sales declining by 1.3% in H2 compared with 5.9% in H1. The Group also continued to focus on operational efficiency, cost discipline and cash generation, with its €1 billion operational efficiencies programme delivering half of its target during FY26.
Free cash flow increased by 6%, supported by disciplined investment and working capital management, while the Group continued to strengthen its financial position as it navigates the current transition.
Pernod Ricard's FY26 results underline the Group's focus on agility, disciplined execution and strategic conviction as it works through a complex global consumer environment.
