Quarterly revenue of Remy Cointreau rose 9.1%

109457

Remy Cointreau, France's second largest alcohol producer, reported an acceleration in organic revenue growth in the second fiscal quarter to 9.1% from 5.9% in the previous quarter. Experts had expected less significant acceleration – up to 7.8%. The size of quarterly revenue amounted to 304 million 700 thousand euros. The company reported that high demand in China had a positive effect on sales growth, as well as a change in its sales strategy, which is reflected in a shift from low-cost to more expensive brands. Growth in sales of cognac Remy Martin was 11.7%. Liquors and strong alcohol in the reporting period were sold 0.8% more than in the previous quarter, but the company predicts that in the next quarter their growth will be more significant.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: