logo
  

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter has rolled out the tipping feature called "Tips" for everyone around the globe using the microblogging site with more payment options to choose from, including cryptocurrencies such as Bitcoin. This is a new way for people to receive and show support on Twitter with money. The feature is currently available on iOS and will be available on Android over the coming weeks. Amazon.com has launched weekly Max-Your-Vax Sweepstakes to encourage their employees to get vaccinated against COVID-19. The sweepstakes began on August 6, 2021 and ends on October 21, 2021, with six draws during the sweepstakes period for 18 prizes worth nearly $2 million, including cash prizes, new vehicle or cash and vacation plus 40 hours of Paid Time Off. Target Corp. announced its plans to hire 100,000 seasonal team members at its stores across the country for this holiday shopping season, though fewer than previous years. With this, the company aims to invest in more flexible scheduling, training, pay and benefits for its existing team members. In a statement, the company said it is also offering around 5 million more hours to its existing staff.
RELATED NEWS
Follow RTT