Rémy Cointreau: Sales Down -16.1% in Organic Terms¹ in Q2 2024-25
REMY COINTREAU UNSP/ADR (REMYY)
NASDAQ:AMEX Investor Relations:
remy-cointreau.com/en/finance/publications
Company Research
Source: Business Wire
2024-25 guidance adjustedStrong drop in sales in the Americas as destocking continued; sequential improvement in depletions2 in the United States (Q2 24-25 vs. Q1 24-25) but below expectationsDecline in sales in APAC3, reflecting a high basis of comparison and tougher market conditions in China; RM Club and e-commerce were resilientSlight improvement in sales in EMEA4 despite persistently sluggish consumer trends2024-25 guidance adjusted:Sales: double-digit decline in organic terms (vs. “a gradual recovery over the course of the year” previously)COP margin: organic deterioration partially offset by a cost-cutting plan totalling over €50m (vs “protection of profitability” previously)2029-30 strategic plan confirmed PARIS--(BUSINESS WIRE)--Regulatory News:Rémy Cointreau (Paris:RCO) reported sales of €533.7 million in the first half of 2024-25, down -15.9% on an organic basis. On a reported basis, the decline was -16.2%, including a negative currency effect of -0.3%, due primarily to
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