Rémy Cointreau shares rose in early trading in Paris today (29 January) after the group posted a rebound in quarterly sales.
The Rémy Martin Cognac owner booked a 2.8% increase in organic sales for its fiscal third quarter, which ran to the end of December.
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Organic sales reached €261.1m ($311.2m) on a constant-currency basis, supported by an improved performance across its main business lines.
On a reported basis, sales fell 3.3% to €245.8m, hit by exchange rate fluctuations.
During the quarter, Rémy Cointreau’s Cognac business – its largest by sales – generated €150.2m in reported sales, down 3.5%.
However, the division delivered organic growth of 3.2%. Rémy Cointreau said the “performance reflects solid momentum in the Americas region for the fourth consecutive quarter”.
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By GlobalDataThe company’s Cognac sales in the APAC region, meanwhile, “edged down” as conditions in the Chinese market “remained challenging, especially in the high-end segment”, it added.
Rémy Cointreau’s Liqueurs & Spirits division posted €90.3m in reported sales, down 2.4%.
On a constant-currency basis, sales were €95.1m, representing organic growth of 2.8%.
The company’s Cointreau and The Botanist brands drove sales in the Americas, the group said. In APAC markets, the division “posted a limited decline in sales in China and the rest of Asia, penalised in Australia by a high basis of comparison and phasing effects”.
Across the first nine months of Rémy Cointreau’s financial year, the company recorded sales of €735.4m, down 6.6% on the prior-year period.
On a constant-currency basis, sales were €772.4m, translating into an organic decline of 1.9%.
Cognac sales were €450.4m, a 9.4% reported drop. Constant-currency sales were €476m, implying an organic decline of 4.3%.
The Liqueurs & Spirits division delivered nine-month sales of €273m, broadly flat year-on-year on a reported basis. After the negative currency impact, constant-currency sales were €284.3m, corresponding to organic growth of 3.7%.
Rémy Cointreau reaffirmed its 2025-26 guidance, targeting organic sales in a range of flat year-on-year to low-single-digit growth while sustaining investment in China and the US.
The company expects its “current operating profit” to fall organically in a range of “low double-digits to mid-teens”.
Shares in Rémy Cointreau stood at €40.72 at 12:35 CET, up 3.93% on the day.
