Rémy Cointreau: Sales Down -16.1% in Organic Terms1 in Q2 2024-25 [Yahoo! Finance]
REMY COINTREAU UNSP/ADR (REMYY)
NASDAQ:AMEX Investor Relations:
remy-cointreau.com/en/finance/publications
Company Research
Source: Yahoo! Finance
Q1 24-25) but below expectations Decline in sales in APAC , reflecting a high basis of comparison and tougher market conditions in China; RM Club and e-commerce were resilient Slight improvement in sales in EMEA despite persistently sluggish consumer trends 2024-25 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, October 25, 2024 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 trends in the Chinese renminbi. In the first half, sales in the Americas fell by -22.8% on an organic basis, as a result o
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