• Full-year net profits leap 57% to EUR110.8m (US$138.6m) 
  • Sales rise by 13% to EUR1.03bn (US$1.36bn)
  • Operating profits up 24.4% to EUR207.7m (US$259.9m)
  • Group points to "continued rapid growth in Asia" 
Remy saw its profits boosted by its performance in Asia

Remy saw its profits boosted by its performance in Asia

Remy Cointreau has reported a major jump in full-year profits buoyed by double-digit growth in Asia-Pacific and the US.

The France-based firm said today (12 June) full-year group share of net profits leapt 57% to EUR110.8m (US$138.6m), in the year to the end of March. In April, the group reported sales rose over the year by 13% to EUR1.03bn (US$1.36bn).

Operating profits were up 24.4% to EUR207.7m (US$259.9m), it said today. 

The group, which owns the Remy Martin Cognac and Mount Gay rum brands, said the performance reflected its "buoyant business activity worldwide".

In a statement, the company said: "All regions reported growth, with double-digit growth in Asia-Pacific and the US. Europe was driven by Western Europe and Russia."

It also pointed to an "excellent performance" by its cognac division - which accounts for over 50% of annual revenue - with a 23.1% rise in operating profit to EUR173m (US$216.6m). 

Looking ahead, Remy Cointreau said it is "in a good position to continue to grow its brands" and will focus on "creating value with its brands". The firm will also "continue to rely on a policy of constant product innovation, while strengthening the efficiency of its distribution network." 

Shares in Remy Cointreau closed yesterday at EUR81.34.

To view the full announcement, click here