Tag Archives: Rémy Cointreau

Rémy Cointreau cheers Q1 results as sales surge 9.9%

Rémy Cointreau reported sales of €240.2 million ($276m) in the first quarter of 2017/2018 financial year, an improvement of 9.9% from the previous year.

The maker of Rémy Martin cognac and Cointreau liqueurs credits its good performance to strong growth in the Asia Pacific region, with strong gains in Greater China, Singapore and improvement in Japan.

The group said that its cognac brands which contributes 65% of group sales rose 18.7% in the three months to June 30, up from 6.2% in the fourth quarter.

Remy Cointreau full-year profit lifted by China recovery

Remy Cointreau, the French spirits group said on Thursday that full-year profit for the 2016/2017 financial year, which ended on March 31, grew 22.3% to €135m, helped by strong cognac sales in Greater China.

The maker of Cointreau liqueur and Mount Gay rum said that growth was driven by the Americas and Asia-Pacific regions, particularly Greater China, which experienced “a marked increase in private consumption during the second-half of the year.”

Cognac sales in Asia boosts Remy Cointreau’s year-end results 4.2%

French Spirits group Remy Cointreau on Wednesday reported its full-year results for the 2016/2017 financial year, which ended on March 31. Total revenue grew 4.2% to €1.09bn ($1.2bn).

The company which publishes its profit figures on June 8 credits its year-end robust growth to group brands, led by the House of Remy Martin, the company’s revenue driver, accounting for over half of its revenue and recording a 9.2% sales growth to €707.5m.  The liqueurs and spirits segment rose 0.9% to €276.3m in the period.

Remy Cointreau 9-months performance boosted by 9% growth in Q3

French spirits group Remy Cointreau on Thursday reported €836.7m in revenue for the first nine months of its 2016/2017 financial year, a 4.7% growth from 2015 when it had €799.2m in sales.

Sales in the third quarter alone (Oct – Dec) rose 9% to €323.3m ($343.89m) buoyed by robust demand for its cognac in the United States, its biggest market and improving sales in China.

Remy Cointreau’s profit jumps in half-year on U.S. and China strength

French spirits group Remy Cointreau posted a 15% rise in profit in the first-half of the year (Apr – Sept) to €76m ($80.3m), from €68.6m last year. The lift was driven by “robust” demand for its highest end products.

Remy Martin, the group’s flagship brand delivered a 5.1% sales growth in organic terms on “outstanding performances” in the Americas and renewed growth in Greater China.

Remy Cointreau Q2 revenue rise on robust demand in the US, China

cognac

Remy Cointreau said on Tuesday that sales growth gained momentum in the second quarter, buoyed by strong demand for its premium cognac in the United States, its largest market, and improving cognac sales in China.

Spirit companies launch new Alcohol information Partnership (AIP)

The world’s biggest spirit companies this week gathered in London to help launch The Alcohol Information Partnership (AIP), whose aim is to ensure the debate around alcohol and its misuse remains balanced.

Remy Cointreau Q1 revenue slip -2.1% on weaker sales in China

French spirits maker Remy Cointreau reported a -2.1% revenue decline in the first quarter (April – June) of 2016/2017 fiscal year.

The maker of Remy Martin, Cointreau Liquor, Mount Gay, among others said that €218.6m ($241m) revenue recorded in the first quarter as against €223.3m in the same period in 2015 was partly due to weaker sales of its premium cognacs in Asia and advance shipments in the previous quarter ahead of price hikes.

Remy Contreau’s CEO bullish on Africa’s potential

Remy Cointreau’s CEO, Valerie Chapoulaud-Floquet, said on Thursday Africa’s contribution to the spirit maker’s revenue continues to grow and will soon be equal to 15% of Europe’s sales, up from less than 10% in the previous fiscal year.

Commenting on the firm’s full-year financial results, which saw the French spirits maker post an impressive 10.6% rise in profits, Ms. Chapoulaud-Floquet, said that Africa is like Asia 25 years ago, forecasting that the continent’s sales contribution to the firm will accelerate in the coming years.

Remy Cointreau full-year profits rise 10.6% on strong demand for premium cognac

French spirits maker, Remy Cointreau, said on Thursday that net profits for the full-year ending March 2016 rose 10.6% to €102.4m ($125.9m), from €92.6m the previous year. The rise was led by strong demand for premium cognac and other dark spirits in the U.S. and Asia Pacific region. Remy Cointreau has been accelerating its drive to sell high-end spirits priced above $50 per bottle.