Pernod Ricard posts 4% sales decline for Q1

Jameson owner Pernod Ricard posted sales of €1.646m for the first quarter to end September today, a decline of 4% which the company said was in line with expectations.

The company described the performance as "satisfactory" in comparison with a record Q1 for the previous year, and said that despite conditions in the European market remaining difficult, there were signs of improvement elsewhere and buoyant growth in emerging markets, particularly China and India.