Full Year 2024 Pernod Ricard SA Earnings Call Transcript

Aug 29, 2024 / 07:00AM GMT
Operator

Good morning, everyone. We're very pleased to welcome you at our fiscal year 2024 full-year sales and results presentation. Alexandre and Hélène will take you through the slides, and then we will follow up with a Q&A session. Alexandre, it's to you.

Alexandre Ricard - Pernod Ricard SA - Chairman of the Board, CEO, Member of the Executive Board, & Member of the Executive Committee

Great. Well, thank you, and good morning to all. I really hope you had a great sportive summer. So let's directly dive into our fiscal year '24 sales and results. So we've had a robust performance in what we can qualify a normalizing spirits market with organic net sales broadly stable at minus 1%, which would have been plus 1% excluding the exit from Russia. Has a very strong performance in many mature and emerging markets, offset still normalizing United States and a weak China.

We've experienced sequential volume recovery throughout the second half of our fiscal year in most markets. Pricing, operational efficiencies, and cost discipline have led to organic gross

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