Rémy Cointreau: FY sales up 7.9%
(CercleFinance.com) - Rémy Cointreau has announced historic revenues of 1,216.
5 million euros in fiscal year 2018-19, up 7.9% relative to 2017-18 and up 7.8% in organic terms (at constant exchange rates and consolidation scope).
In the fourth quarter, organic growth reached 7%, despite the
unfavourable calendar impact of the early Chinese New Year. Adjusted for
this factor, the wine and spirits group's organic growth would have been
8.5% over this period.
With annual revenues in line with its forecasts, Rémy Cointreau has
confirmed its target for growth in recurrent operating profit for
2018-19, at constant exchange rates and consolidation scope (proforma
Pre-IFRS 15,16 & 9).
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