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Published:  23 July, 2008

Pernod Ricard reported consolidated sales, excluding duties and tax, of e4,835 million at 31 December 2002, up 6% on the previous year. The wine and spirits division posted 78% growth, due mainly to the integration of Seagram brands. The division reported sales of e1,110 million for the fourth quarter and e3,407 million for the full year. Sales of Seagram brands amounted to e1,416 million, a rise of 3.8% on the 2002 pro-forma figure, despite a e97 million adverse currency impact (-7.1%). Pro-forma organic growth was 2.8%. The e65 million impact of consolidation changes (+4.8%) is attributable chiefly to sales of Sandeman and Four Roses, for which Pernod Ricard is now the distributor. The group's historical brands generated sales of e1,991 million, a rise of 3.8%. This breaks down into 4.4% organic growth and a 2.5% adverse currency impact. The group's historical growth drivers continued to make headway, with gains of 14% for Amaro Ramazzotti, 12% for Jacob's Creek, 12% for Havana Club and 7% for Jameson. Anis clawed back some of the ground lost in the first nine months of 2002 (Ricard down 2.9% and Pastis 51 down 2.6%), when consumption was down because of poor summer weather. Sales generated by non-core activities amounted to e1,428 million, a rise of e62 million on the period to the end of September 2002. This amount reflects the fact that Pernod Ricard withdrew almost totally from non-wine and spirits businesses during 2002.