Press Release: Pernod Ricard: Excellent Rebound with Sales and PRO1 Above FY19 levels2 And Strong Growth Momentum
Press Release: Pernod Ricard: Excellent Rebound with Sales and PRO1 Above FY19 levels2 And Strong Growth Momentum
Press Release: Pernod Ricard: Excellent Rebound with Sales and PRO1 Above FY19 levels2 And Strong Growth Momentum
新聞稿：保樂力加：銷售額和Pro1超過19財年水平2和強勁的增長勢頭，實現了極好的反彈
Pernod Ricard: Excellent Rebound with Sales and PRO1 Above FY19 levels2 And Strong Growth Momentum
保樂力加：出色反彈，銷售額和Pro1超過19財年水平2和強勁的增長勢頭
+10% organic Sales growth (+4% reported)
+10%的有機銷售增長(報告+4%)
+18% organic growth in PRO (+7% reported)
PRO的有機增長+18%(報告+7%)
Recurring Free Cash Flow of EUR1,745m, at historical high
經常性自由現金流為1745億歐元，創歷史新高
PARIS--(BUSINESS WIRE)--September 01, 2021--
巴黎--(美國商業新聞網)--2021年9月1日--
Regulatory News:
監管新聞：
Press release - Paris, 1 September 2021
新聞稿-巴黎，2021年9月1日
Pernod Ricard (Paris:RI):
保樂力加(Paris：RI)：
SALES
銷貨
Sales for FY21 totalled EUR8,824m, with organic growth of +9.7%. Reported Sales growth was +4.5% due to a significant adverse FX impact resulting from USD and Emerging market currency depreciation vs. Euro.
21財年的銷售額總計88.24億歐元，有機增長+9.7%。報告銷售額增長+4.5%，這是由於美元和新興市場貨幣對歐元貶值造成的重大不利外匯影響。
FY21 Sales grew in all regions:
21財年所有地區的銷售額都實現了增長：
-- Americas: +14%, excellent broad-based growth with the USA, Canada and South America offsetting decline in Travel Retail -- Asia-RoW: +11%, very strong growth mainly driven by China, Korea and Turkey, and to a lesser extent India -- Europe: +4%, dynamic rebound with the UK, Germany and Eastern Europe offsetting declines in Spain, Ireland and Travel Retail.
--美洲：+14%，與美國、加拿大和南美的出色廣泛增長抵消了旅遊零售業的下滑--亞洲：+11%，主要由中國、韓國和土耳其推動的非常強勁的增長，其次是印度--歐洲：+4%，與英國、德國和東歐的強勁反彈抵消了西班牙、愛爾蘭和旅遊零售業的下滑。
By category:
按類別劃分：
-- Strategic International Brands: +11%, very strong rebound, primarily driven by Martell in China and Jameson in the USA -- Strategic Local Brands: +7%, driven by recovery of Seagram's Indian whiskies, Kalhua, Passport and Ramazzotti -- Specialty Brands: +28%, continued very strong growth of Lillet, Aberlour, Malfy, American whiskeys, Avion and Redbreast -- Strategic Wines: stable, with Campo Viejo growth offset by decline of Jacob's Creek and Kenwood.
--戰略性國際品牌：+11%，非常強勁的反彈，主要由中國的馬爹利和美國的詹姆遜推動--戰略性本地品牌：+7%，受Seagram的印度威士忌、卡爾華、Passport和Ramazzotti的復甦推動--專業品牌：+28%，Lillet、Aberlour、Malfy、美國威士忌、Avion和Redbreas持續強勁增長--戰略性葡萄酒：穩定，Campo Viejo增長抵消
Innovation grew +22%.
創新增長+22%。
Price/mix was +4% on Strategic brands.
戰略品牌的價格/組合為+4%。
Q4 Sales were EUR1,883m, +56.5% organic growth, on a low basis of comparison.
第四季度銷售額為18.83億歐元，在較低的比較基礎上實現了56.5%的有機增長。
FY21 saw very strong and diversified growth driven by domestic Must-wins with the USA and China reaching record Sales above $2bn and EUR1bn. Premiumisation was strong, thanks to growth of Strategic International Brands and Specialty Brands. Pernod Ricard gained market share in most key markets.
在國內必勝的推動下，21財年出現了非常強勁和多樣化的增長，美國和中國的銷售額達到創紀錄的20億美元和10億歐元。由於戰略國際品牌和專業品牌的增長，精品銷售表現強勁。保樂力加(Pernod Ricard)在大多數關鍵市場獲得了市場份額。
Business transformation momentum is strong, with significant investments behind priority brands and markets, strong progress in digital transformation, strong e-commerce growth (+63%) and acceleration of the sustainability roadmap.
商業轉型勢頭強勁，重點品牌和市場背後有重大投資，數字化轉型取得強勁進展，電子商務增長強勁(+63%)，可持續發展路線圖加快推進。
RESULTS
結果
FY21 PRO was EUR2,423m, an organic growth of +18.3% (+7.2% reported) with a very strong organic operating margin expansion of +213bps:
21財年PRO為24.23億歐元，有機增長+18.3%(報告+7.2%)，有機營業利潤率增長非常強勁，達到+213個基點：
-- Gross margin expanding +64bps driven by: -- Stable pricing with fewer price increases in Covid context -- Better fixed cost absorption from volume growth andoperational excellence savings -- A&P ratio at c. 16%, resulting from purpose-based investment, with quick response to channel shifts and strong reinvestment in markets and categories returning to growth -- Structure costs: +136bps, reflecting very strict discipline and FY20 reorganisations. A strong increase is expected in FY22 to support future growth -- PRO includes +EUR28m from USA drawback -- Significant FX impact on PRO -EUR255m due to USD and Emerging market currency depreciation vs. Euro.
--毛利率增長+64個基點的推動因素是：--在Covid的背景下，穩定的定價和較少的價格上漲--從銷量增長和運營卓越節省中更好地吸收固定成本--A&P比率為約16%，這是基於目的的投資，對渠道轉變的快速反應，以及對恢復增長的市場和類別的強勁再投資。--結構成本：+136個基點，反映出非常嚴格的紀律和2020財年的重組。預計22財年將出現強勁增長，以支持未來的增長-PRO包括+2800萬歐元的美國退税-由於美元和新興市場貨幣對歐元的貶值，PRO-EUR2.55億歐元受到重大的外匯影響。
The FY21 corporate income tax rate on recurring items was 24.3%, in line with that of FY20, with geographical mix offsetting the positive effect of the French tax rate reduction.
2011財年經常性項目的企業所得税税率為24.3%，與20財年的税率一致，地域組合抵消了法國税率下調的積極影響。
Group share of Net PRO was EUR1,612m, +12% reported vs. FY20.
淨PRO的集團份額為16.12億歐元，報告的份額比20財年增加了12%。
Group share of Net profit was EUR1,305m, +297% reported, a significant increase due mainly to non-recurring items in FY20, in particular a EUR1bn impairment charge.
集團在淨利潤中的份額為13.05億歐元，報告為+297%，這一顯著增長主要是由於20財年的非經常性項目，特別是10億歐元的減值費用。
CASH FLOW AND DEBT
現金流和債務
Cash performance was outstanding, with Recurring Free Cash Flow at EUR1,745m, its historical high.
現金表現突出，經常性自由現金流為17.45億歐元，創歷史新高。
The average cost of debt stood at 2.8% vs. 3.6% in FY20, thanks to successful bond refinancing.
得益於成功的債券再融資，20財年的平均債務成本為2.8%，而20財年為3.6%。
Net debt decreased by EUR972m vs. 30 June 2020 to EUR7,452m driven primarily by a very significant Free Cash Flow improvement linked to business recovery. The Net Debt/EBITDA ratio at average rates(3) was 2.6x at 30 June 2021.
淨債務比2020年6月30日減少9.72億歐元，降至74.52億歐元，主要是由於與業務復甦相關的非常顯著的自由現金流改善。截至2021年6月30日，按平均利率計算的淨債務/EBITDA比率(3)為2.6倍。
The return to stakeholders is significant:
給利益相關者帶來的回報是巨大的：
-- A dividend of EUR3.12 is proposed for the Annual General Meeting of 10 November 2021, back to the historical high of FY19 -- The remaining c. EUR0.5bn Share buyback programme will resume in FY22 -- A second employee ownership programme will take place in FY224.
-建議在2021年11月10日的年度股東大會上派發3.12歐元的股息，回到19財年的歷史最高水平-剩餘的約5億歐元的股票回購計劃將在22財年恢復-第二次員工持股計劃將在224財年進行。
WINNING STRATEGY
制勝戰略
The Transform & Accelerate strategy launched in 2018 has driven significant achievements. The fundamental consumer insights driving the strategy are now more compelling than ever. As a result, Pernod Ricard will continue its transformational journey to become The Conviviality Platform. This strategy seeks to maximise long-term value creation, with the following medium-term ambition (in a normalised context):
2018年啟動的轉型加速戰略推動了重大成就。推動這一戰略的基本消費者洞察力現在比以往任何時候都更有説服力。因此，保樂力加將繼續其轉型之旅，成為歡樂平台。這一戰略尋求最大限度地創造長期價值，中期目標如下(在正常化背景下)：
Embed dynamic growth and deliver operating leverage
嵌入動態增長並提供運營槓桿
-- +4 to +7% topline growth, leveraging key competitive advantages and consistent investment behind key priorities -- Focus on pricing and building new operational excellence initiatives -- Significant A&P investment, maintained at c.16% of Sales, with strong arbitration to support must-win brands and markets while stimulating innovation -- Discipline on Structure costs, investing in priorities while maintaining agile organisation, with growth below topline growth rates -- Operating leverage of c.50-60 bps pa, provided topline within +4 to +7% bracket
-+4%至+7%的背線增長，利用關鍵競爭優勢和關鍵優先事項背後的持續投資--專注於定價和建立新的卓越運營計劃--重大的A&P投資，保持在銷售額的16%左右，並進行強有力的仲裁，以支持必須贏得的品牌和市場，同時刺激創新--對結構成本的紀律，在保持靈活組織的同時投資於優先事項，增長率低於背線增長率--運營槓桿為C.50-60bps pa，提供+4%至+7%的背線
Financial policy priorities, while retaining Investment grade ratings:
金融政策優先事項，同時保留投資級評級：
1. Investment in future organic growth, in particular through strategic inventories and capex 2. Continued active portfolio management, including value-creating M&A 3. Dividend distribution at c.50% of Net profit from Recurring Operations 4. Share buy-back programme (to resume in FY22)
1.對未來有機增長的投資，特別是通過戰略庫存和資本支出進行投資2.持續積極的投資組合管理，包括創造價值的併購3.按經常性業務淨利潤的約50%進行股息分配4.股票回購計劃(將於22財年恢復)
A comprehensive strategic update will be provided during a capital market day in FY22.
在22財年的資本市場日期間，將提供全面的戰略更新。
Alexandre Ricard, Chairman and Chief Executive Officer, stated,
董事長兼首席執行官亞歷山大·裏卡德(Alexandre Ricard)表示，
"The business rebounded very strongly during FY21 to exceed FY19 levels. We expect this good Sales momentum to continue in FY22 with, in particular, a very 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.
我們的業務在21財年強勁反彈，超過了19財年的水平。我們預計這一良好的銷售勢頭將在22財年繼續下去，特別是第一季度將非常有活力。我想借此機會讚揚我們的團隊在這一困難時期做出的特殊承諾，並向那些已經或繼續受到這場流行病影響的人表示支持。
We will stay the strategic course, accelerating our digital transformation and our ambitious Sustainability & Responsibility roadmap. Thanks to our solid fundamentals, our teams and our brand portfolio, we are emerging from this crisis stronger."
我們將堅持戰略路線，加快數字化轉型和雄心勃勃的可持續發展與責任路線圖。多虧了我們堅實的基本面、我們的團隊和我們的品牌組合，我們正從這場危機中變得更加強大。“
All growth data specified in this press release refers to organic growth (at constant FX and Group structure), unless otherwise stated. Data may be subject to rounding.
除非另有説明，本新聞稿中指定的所有增長數據均指有機增長(按恆定外匯和集團結構計算)。數據可能需要進行四捨五入。
A detailed presentation of FY21 Sales and Results can be downloaded from our website: www.pernod-ricard.com
有關21財年銷售額和業績的詳細介紹可從我們的網站下載：www.pernod-ricard.com
Audit procedures have been carried out on the financial statements. The Statutory Auditors' report will be issued after examination of the management report and completion of procedures required for the filing of the Universal registration document."
已經對財務報表執行了審計程序。法定核數師報告將在審核管理報告及完成提交通用註冊文件所需的程序後發出。“
Definitions and reconciliation of non-IFRS measures to IFRS measures
非“國際財務報告準則”計量的定義和與“國際財務報告準則”計量的協調
Pernod Ricard's management process is based on the following non-IFRS measures which are chosen for planning and reporting. The Group's management believes these measures provide valuable additional information for users of the financial statements in understanding the Group's performance. These non-IFRS measures should be considered as complementary to the comparable IFRS measures and reported movements therein.
保樂力加的管理流程基於以下非國際財務報告準則的衡量標準，這些衡量標準被選擇用於規劃和報告。本集團管理層相信，這些措施為財務報表使用者瞭解本集團業績提供了寶貴的額外信息。這些非“國際財務報告準則”的計量應被視為對可比的“國際財務報告準則”計量及其報告的變動的補充。
Organic growth
有機生長
Organic growth is calculated after excluding the impacts of exchange rate movements and acquisitions and disposals.
有機增長是在剔除匯率變動以及收購和處置的影響後計算出來的。
Exchange rates impact is calculated by translating the current year results at the prior year's exchange rates.
匯率影響是通過將本年度的結果換算為上一年的匯率來計算的。
For acquisitions in the current year, the post-acquisition results are excluded from the organic movement calculations. For acquisitions in the prior year, post-acquisition results are included in the prior year but are included in the organic movement calculation from the anniversary of the acquisition date in the current year.
對於當年的收購，收購後的結果不包括在有機運動計算中。對於上一年的收購，收購後的結果包括在上一年，但包括在自本年度收購日期週年起的有機變動計算中。
Where a business, brand, brand distribution right or agency agreement was disposed of, or terminated, in the prior year, the Group, in the organic movement calculations, excludes the results for that business from the prior year. For disposals or terminations in the current year, the Group excludes the results for that business from the prior year from the date of the disposal or termination.
如一項業務、品牌、品牌經銷權或代理協議於上一年度被處置或終止，本集團在有機變動計算中將該業務的業績從上一年度中剔除。對於本年度的出售或終止，本集團自出售或終止之日起不計入該業務上一年度的業績。
This measure enables to focus on the performance of the business which is common to both years and which represents those measures that local managers are most directly able to influence.
這一衡量標準能夠將重點放在企業的業績上，這是兩年都有的，也代表了當地管理人員最能直接影響的那些衡量標準。
Profit from recurring operations
經常性業務利潤
Profit from recurring operations corresponds to the operating profit excluding other non-current operating income and expenses.
經常性業務利潤相當於不包括其他非當期營業收入和費用的營業利潤。
About Pernod Ricard
關於保樂力加
Pernod Ricard is the No.2 worldwide producer of wines and spirits with consolidated sales of EUR8,824 million in FY21. Created in 1975 by the merger of Ricard and Pernod, the Group has developed through organic growth and acquisitions: Seagram (2001), Allied Domecq (2005) and Vin&Sprit (2008). Pernod Ricard, which owns 16 of the Top 100 Spirits Brands, holds one of the most prestigious and comprehensive brand portfolios in the industry, including: Absolut Vodka, Ricard pastis, Ballantine's, Chivas Regal, Royal Salute, and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur, Mumm and Perrier-Jouët champagnes, as well Jacob's Creek, Brancott Estate, Campo Viejo, and Kenwood wines. Pernod Ricard's brands are distributed across 160+ markets and by its own salesforce in 73 markets. The Group's decentralised organisation empowers its 19,000 employees to be true on-the-ground ambassadors of its vision of "Créateurs de Convivialité." As reaffirmed by the Group's strategic plan, "Transform and Accelerate," deployed in 2018, Pernod Ricard's strategy focuses on investing
保樂力加是全球第二大葡萄酒和烈性酒生產商，21財年的綜合銷售額為88.24億歐元。該集團成立於1975年，由Ricard和Pernod合併而成，通過有機增長和收購發展起來：Seagram(2001年)、Allied Domecq(2005年)和Vin&Sprit(2008年)。保樂力加擁有百強烈性酒品牌中的16個，擁有業內最負盛名和最全面的品牌組合之一，其中包括：絕對伏特加、裏卡德巴斯蒂斯、百齡壇、芝華士、皇家禮炮和格倫利韋蘇格蘭威士忌、詹姆遜愛爾蘭威士忌、馬爹利白蘭地、哈瓦那俱樂部朗姆酒、Beefeater杜松子酒、馬里布利口酒、木乃伊和Perrier-Jouë保樂力加的品牌分佈在160多個市場，並通過自己的銷售隊伍在73個市場銷售。該集團分散的組織授權其19,000名員工成為其“歡慶之家”願景的真正實地大使。正如保樂力加集團在2018年部署的戰略計劃“轉型和加速”所重申的那樣，保樂力加的戰略重點是投資
(MORE TO FOLLOW) Dow Jones Newswires
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September 01, 2021 01:20 ET (05:20 GMT)
美國東部時間2021年9月1日01：20(格林威治時間05：20)
譯文內容由第三人軟體翻譯。