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FRANCE: Remy Cointreau on revenue rise for 2005

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Remy Cointreau has posted a slight rise in revenue growth for fiscal year 2005. The French company said today (20 April) that revenue for the 12 months to 31 March was up by 1.9% year-on-year to €905.1m.

Remy Cointreau credited its fourth-quarter organic growth of 5.7% to its brand strength and marketing investments and product launches in its Asian and US operations. All divisions contributed to the growth, the company added.

While full-year Cognac sales rose by 6%in organic terms, revenue from liqueurs was up by 3% to €161.3m. Cointreau continued to grow in the US, while sales of the Bols brands posted rises in Japan.

Sales of spirits increased by 1.2% to €186.2m on an organic basis, while Champagne and wine sales for the year grew by 4.5% to €129.7m, Remy said.

"These full-year results reflect the priority given by Remy Cointreau to solid organic growth, based on a decision to support its premium brands. This will guarantee a sustained improvement in organic profitability," the company said in a statement.


Sectors: Spirits, Wine

Companies: Cointreau, Lucas Bols

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