News

FRANCE: Rémy Cointreau posts strong full year lift

Most popular

Should Campari Group be renamed Aperol Group?

just-drinks speaks to A-B InBev CEO Carlos Brito

Campari Group's Aperol Q3 bonanza - Comment

just-drinks' M&A database - Oct 18

MORE

Rémy Cointreau has posted a rise in full-year turnover, its strongest organic performace since 2000.

The French Champagne and spirits group said today (17 April) that organic growth for the 12 months to 31 March came in 9.7% up year-on-year, hitting EUR817.8m (US$1.30bn). On a reported basis, growth stood at 4%.

In the fourth quarter alone, the group's growth was 15.6%.

"In Asia, sales growth remained very strong. Europe also delivered a good performance and the US retained its momentum. The price increases announced for 2008/09 also contributed to some early orders," the French company said. 

Rémy said it Cognac business rose 11.5% with a lift "of 20.5% in the fourth quarter, benefiting from a strong Chinese New Year". Growth in Europe was driven by Russia and Benelux, while the US retained its momentum, a statement said.

In Champagne organic growth reached 15.4% Piper-Heidsieck achieved the strongest growth in Benelux, the UK, the US, Germany and Spain, while Charles Heidsieck grew well in France, Benelux and the UK and began to develop in Asia. Liqueurs and spirits were up just 4.3% to EUR211.7m.

Turning to its partner brands unit, Rémy noted that Russian Standard vodka as well as Edrington Scotch Whiskies continued to grow strongly in the US market.

"These results confirm the group's guidance of significant organic growth in Rémy Cointreau's current operating profit for the 2007/08 financial year," the company said.

Preliminary results for the 2007/08 financial year will be announced on 24 June.

In 2006, Rémy announced that it was pulling out of Maxxium. The departure, scheduled for 2009, will cost Rémy EUR240m.


Related Content

Remy Cointreau FY fiscal-2017 sales performance by brand - results data

Remy Cointreau FY fiscal-2017 sales performance by brand - results data...

Carlsberg's Full-Year 2017 by region - results data

Carlsberg's Full-Year 2017 by region - results data...

Remy Cointreau fiscal-2018 - results data

Remy Cointreau fiscal-2018 - results data...

Heineken full-year 2017 by region - results data

Heineken full-year 2017 by region - results data...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?