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Remy Cointreau Q1 Sales Up 105.0% In Organic Terms

French wine and spirits company Remy Cointreau (REMYF.PK) reported that first-quarter sales were 293.1 million euros, up 105.0% in organic terms, driven by continued excellent momentum in the United States and mainland China, and by a clear improvement in the EMEA region.

The Group sales increased by 36.5% at constant currency and scope compared with the first quarter 2019/20 (pre-pandemic).

Quarterly sales rose 95.3% on a reported basis, including a positive scope effect of 0.9% owing to the acquisitions of JR. Brillet and J. de Telmont and an unfavourable currency trend of negative 0.6%.

For 2021/22, Rémy Cointreau remains confident in its ability to outperform the exceptional spirits sector. The Group expects an excellent first half, underpinned by very favourable comparatives and shipment phasing effects as well as new and structurally more buoyant consumption trends in the United States.

Being ahead in the unfolding of its 2030 strategic plan and given the favourable environment, the Group has decided to significantly increase its communication investments.

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