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.
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”.
The 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.
