According to the company, it expects a decrease of up to 4 percent this year. But it's not just the war that's having an impact. It continues to see weak demand from the US and China.
Pernod Ricard points out that great uncertainty contributes to the negative forecast. The company has previously said that it expected sales to improve in the second quarter.
Pernod Ricard has lost around 10 percent on the Paris Stock Exchange so far this year, according to Bloomberg.
