Annual Report
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Design, creation and publication: GB AAnnualnnual ReportReport 2006/2007 A sustainable growth strategy As the world’s No. 2 Wines & Spirits group, Pernod Ricard holds a leading position on every continent. With 17,680 employees in more than 70 countries, the Group recorded sales of € 6,443 million in 2006/2007. Since its creation in 1975, Pernod Ricard has witnessed steady development, founded on both organic growth and a series of acquisitions: the purchase of Allied Domecq in July 2005 is the most recent sign of the Group’s worldwide ambitions. Building on its portfolio of major Premium brands, its presence on every continent and its decentralised organisation, Pernod Ricard intends to continue its momentum of Art work entitled “Mélange d’esprit” commissioned from Richard Texier international development. Every year since its creation, Pernod Ricard has commissioned an original work from a contemporary artist for the cover of its annual report. In 2007, the Group asked Richard Texier, an internationally acclaimed painter and sculptor, to participate in this artistic adventure. Tracing the path of the stars, the artist uses everything 2006/2007 at hand to create a larger-than life universe featuring dream-like landscapes and imaginary geographies which penetrate the very heart of the mystery surrounding us. His artist’s studios set up temporarily in locations such as Shanghai, New York or Moscow are proof of his openness to the world, as well as a Sales Operating margin desire to incorporate different infl uences within his work and a respect for the human race and for different cultures, values also cherished by Pernod Ricard. Annual Report €6,443 million 22.5% “Mélange d’esprit” emerged out of the artist’s meeting with the Group, and depicts ancient and mysterious Organic growth* in sales Net profi t forms navigating over the seas. The work uses calligraphy and artistic writing as a universal language, set against explosions of ochres and ambers which +9.1% €831million evoke the earthly hues of the eaux-de-vie. Operating profi t from ordinary activities Growth in net profi te Artist €1,447million +30% Organic growth* in operating profit from ordinary activities * Organic growth not taking into account July Richard Texier +21% for the Allied Domecq brands Internationally acclaimed painter and sculptor © Robert Doisneau Design, creation and publication: GB AAnnualnnual ReportReport 2006/2007 A sustainable growth strategy As the world’s No. 2 Wines & Spirits group, Pernod Ricard holds a leading position on every continent. With 17,680 employees in more than 70 countries, the Group recorded sales of € 6,443 million in 2006/2007. Since its creation in 1975, Pernod Ricard has witnessed steady development, founded on both organic growth and a series of acquisitions: the purchase of Allied Domecq in July 2005 is the most recent sign of the Group’s worldwide ambitions. Building on its portfolio of major Premium brands, its presence on every continent and its decentralised organisation, Pernod Ricard intends to continue its momentum of Art work entitled “Mélange d’esprit” commissioned from Richard Texier international development. Every year since its creation, Pernod Ricard has commissioned an original work from a contemporary artist for the cover of its annual report. In 2007, the Group asked Richard Texier, an internationally acclaimed painter and sculptor, to participate in this artistic adventure. Tracing the path of the stars, the artist uses everything 2006/2007 at hand to create a larger-than life universe featuring dream-like landscapes and imaginary geographies which penetrate the very heart of the mystery surrounding us. His artist’s studios set up temporarily in locations such as Shanghai, New York or Moscow are proof of his openness to the world, as well as a Sales Operating margin desire to incorporate different infl uences within his work and a respect for the human race and for different cultures, values also cherished by Pernod Ricard. Annual Report €6,443 million 22.5% “Mélange d’esprit” emerged out of the artist’s meeting with the Group, and depicts ancient and mysterious Organic growth* in sales Net profi t forms navigating over the seas. The work uses calligraphy and artistic writing as a universal language, set against explosions of ochres and ambers which +9.1% €831million evoke the earthly hues of the eaux-de-vie. Operating profi t from ordinary activities Growth in net profi te Artist €1,447million +30% Organic growth* in operating profit from ordinary activities * Organic growth not taking into account July Richard Texier +21% for the Allied Domecq brands Internationally acclaimed painter and sculptor © Robert Doisneau In this year’s Annual Report, Pernod Ricard has decided to showcase the Written Word. Latin, Cyrillic, Asian or numerical, all forms of writing are displayed to refl ect the diversity of the Group’s presence across the globe. Throughout the report, Behind the Written Word, the work of Man Pernod Ricard’s expert producers of wines & spirits wax lyrical in their native tongues about the taste-intensive universe of their products. From their unique descriptions emerge magical words translated into the language of the country in which A decentralised organisation the product is enjoyed, and sublimated by masters in the art of writing. CHIVAS REGAL CHIVAS BALLANTINE’S THE GLENLIVET BEEFEATER STOLICHNAYA LONDON The Stolichnaya Brand Organisa tion Chivas Brothers CHIVAS RICARD MALIBU JACOB’S CREEK Cyrillic caligraphy by Catherine Bogrow Latin calligraphy by Koala Latin calligraphy by Catherine Bogrow Latin calligraphy by Azadeh Tabari MONTREAL Pernod Ricard Americas Pernod Ricard Europe JAMESON MALIBU KAHLÚA NEW YORK DUBLIN Malibu-Kahlúa International Irish Distillers PARIS Holding Company Pernod SA MARTELL MUMM PERRIER-JOUËT Martell Mumm Perrier-Jouët HONG KONG MARTELL JAMESON BALLANTINE’S HAVANA CLUB Pernod Ricard Asia Chinese calligraphy by Jok-Wah Fong Latin calligraphy by Catherine Bogrow Korean calligraphy by Jae-Kyoo Chong Latin calligraphy by Koala MARSEILLES RICARD HAVANA CLUB Ricard SA HAVANE Havana Club International The World’s SYDNEY NO. 2 Pernod Ricard Pacifi c in Spirits* JACOB’S CREEK ADELAIDE THE GLENLIVET STOLICHNAYA BEEFEATER KAHLÚA Orlando Wines Latin calligraphy by Koala Latin typography by Azadeh Tabari Latin calligraphy by Catherine Bogrow Latin calligraphy by Azadeh Tabari 10 Brand Owners 4 Regions spanning 70 countries NO. 4 AUCKLAND in Wines** MONTANA Pernod Ricard New Zealand Pernod Ricard wishes to thank the calligraphers who have put pen * Pernod Ricard Market View, based on the IWSR (2006) – local and international spirits to paper to display their know-how. ** Pernod Ricard Market View, based on the IWSR (2006) – Wines > USD 3 a bottle Graphic layout and artworks created by Terre de Sienne. MUMM MONTANA PERRIER-JOUËT 15 strategic brands Latin calligraphy by Koala Latin calligraphy by Azadeh Tabari Japanese calligraphy by Taëko Oshima In this year’s Annual Report, Pernod Ricard has decided to showcase the Written Word. Latin, Cyrillic, Asian or numerical, all forms of writing are displayed to refl ect the diversity of the Group’s presence across the globe. Throughout the report, Behind the Written Word, the work of Man Pernod Ricard’s expert producers of wines & spirits wax lyrical in their native tongues about the taste-intensive universe of their products. From their unique descriptions emerge magical words translated into the language of the country in which A decentralised organisation the product is enjoyed, and sublimated by masters in the art of writing. CHIVAS REGAL CHIVAS BALLANTINE’S THE GLENLIVET BEEFEATER STOLICHNAYA LONDON The Stolichnaya Brand Organisa tion Chivas Brothers CHIVAS RICARD MALIBU JACOB’S CREEK Cyrillic caligraphy by Catherine Bogrow Latin calligraphy by Koala Latin calligraphy by Catherine Bogrow Latin calligraphy by Azadeh Tabari MONTREAL Pernod Ricard Americas Pernod Ricard Europe JAMESON MALIBU KAHLÚA NEW YORK DUBLIN Malibu-Kahlúa International Irish Distillers PARIS Holding Company Pernod SA MARTELL MUMM PERRIER-JOUËT Martell Mumm Perrier-Jouët HONG KONG MARTELL JAMESON BALLANTINE’S HAVANA CLUB Pernod Ricard Asia Chinese calligraphy by Jok-Wah Fong Latin calligraphy by Catherine Bogrow Korean calligraphy by Jae-Kyoo Chong Latin calligraphy by Koala MARSEILLES RICARD HAVANA CLUB Ricard SA HAVANE Havana Club International The World’s SYDNEY NO. 2 Pernod Ricard Pacifi c in Spirits* JACOB’S CREEK ADELAIDE THE GLENLIVET STOLICHNAYA BEEFEATER KAHLÚA Orlando Wines Latin calligraphy by Koala Latin typography by Azadeh Tabari Latin calligraphy by Catherine Bogrow Latin calligraphy by Azadeh Tabari 10 Brand Owners 4 Regions spanning 70 countries NO. 4 AUCKLAND in Wines** MONTANA Pernod Ricard New Zealand Pernod Ricard wishes to thank the calligraphers who have put pen * Pernod Ricard Market View, based on the IWSR (2006) – local and international spirits to paper to display their know-how. ** Pernod Ricard Market View, based on the IWSR (2006) – Wines > USD 3 a bottle Graphic layout and artworks created by Terre de Sienne. MUMM MONTANA PERRIER-JOUËT 15 strategic brands Latin calligraphy by Koala Latin calligraphy by Azadeh Tabari Japanese calligraphy by Taëko Oshima PERNOD RICARD IN 2006/2007 2 Chairman’s message 4 Key fi gures and analysis by Pierre Pringuet 8 Over 30 years of uninterrupted growth 10 Events of the year 2006/2007 12 A market powered by the Premium qualities 14 Four major strategic focuses 17 A decentralised business model 18 15 STRATEGIC