Remy Cointreau sales rise 8.9% in fiscal fourth quarter

8 articles · Updated · The Wall Street Journal · Apr 30

Quarterly sales reached nearly 200 million euros in January-March, driven by strong cognac demand in China, while sales of Remy Martin and Louis XIII fell in the Americas.
The company said China benefited from an easy comparison base, calendar effects and resilient Chinese New Year trading despite a challenging environment.
For the full year, sales were 935.3 million euros with 0.2% organic growth, but Remy still expects current operating profit to fall by a low-double-digit to mid-teens percentage and sees a 25 million-30 million euro currency hit.

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