Remy Cointreau has reported a double-digit rise in half-year sales, although demand for its Remy Martin Cognac in Asia slowed in the second quarter.

Net sales reached EUR428.2m (US$595.5m) for the six months to the end of September, up by 18% on the same period of last year, Remy Cointreau said today (21 October). Sales rose by 11% with exchange rate gains stipped out.

Ongoing strong demand for Remy Martin Cognac in Asia led the half-year performance, just as Pernod Ricard said today that it was boosted in its fiscal first quarter by strong demand for Martell in the same region.

However, while global Martell sales appear to have accelerated in the last three months, Remy Martin’s sales have slowed. Remy Cointreau reported a 38% rise in like-for-like Cognac sales in its first quarter, but the half-year growth was 20%, indicating a slowdown in the second quarter.

In Champagne, Remy showed signs of improvement in the half-year with a 16% rise in sales to EUR41.4m. Sales rose by 12% with currency gains stripped out. However, the increase was slower in the second quarter and was not enough to claw back a 42% drop in Champagne sales in the last year’s first half.

The Piper-Heidsieck Champagne maker said that most of the Champagne sales increase was due to higher demand in France and the UK.

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