Rémy Cointreau: Sales in the First Nine Months 2019/20 (April 2019 – December 2019)
REMY COINTREAU UNSP/ADR (REMYY)
NASDAQ:AMEX Investor Relations:
remy-cointreau.com/en/finance/publications
Company Research
Source: Business Wire
Slight reported growth for the Group Brands, on top of elevated comparatives PARIS--(BUSINESS WIRE)--Regulatory News:Rémy Cointreau (Paris:RCO) posted sales of €814.0 million over the first nine months of its 2019/20 financial year, down 4.1%. While sales of Group Brands grew 1.6% over the period, Partner Brands declined by 67.5%, due to the Group’s voluntary withdrawal from a few distribution contracts in Europe and in the United-States. Foreign exchange effects were positive, adding 2.4% over the period.In organic terms (i.e. assuming constant exchange rates and consolidation scope), Group Brands declined 1.0% over the period, on top of strong comparatives (+10.3% over the first nine months of 2018/19): the House of Rémy Martin was down 1.6%* (on top of +13.1% over the first nine months of 2018/19). Strong momentum in China was offset by a number of cyclical factors such as a decline in tourism in Hong Kong, slow stock replenishment in the United States and changes in the distrib
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