Daily Archives: January 19, 2018

Rémy Cointreau nine months results bolstered by robust Cognac sales in Asia Pacific

Rémy Cointreau Group on Friday reported a 3% revenue growth for the first nine months of its 2017/18 financial year ending in December. Sales rose to €862.1 million from €836.7 million, helped by robust growth of its Rémy Martin cognac brand which posted a 7.9% growth to €576.6m, contributing 67% of the overall group’s sales.

The group benefitted from continued growth of the Rémy Martin cognac brands in the Asia Pacific region, despite a high basis of comparison in the third quarter and the late timing of 2018 Chinese New Year (sales delayed to the fourth quarter). The Chinese New Year starts on February 16 this year, delaying its positive impact on sales to Remy Cointreau’s fourth quarter.