Rémy Cointreau: 2019/20 Full-Year Sales (April 2019 – March 2020)
REMY COINTREAU UNSP/ADR (REMYY)
NASDAQ:AMEX Investor Relations:
remy-cointreau.com/en/finance/publications
Company Research
Source: Business Wire
Group sales stand above €1 billion in a complex public health environment PARIS--(BUSINESS WIRE)--Regulatory News:Rémy Cointreau (Paris:RCO) posted sales of €1,024.8 million in its 2019/20 financial year, down 9.0% on a reported basis. Group Brands saw a moderate decline (down 4.0%) in a complex public health environment, while sales of Partner Brands were down 68.5% as a result of the Group’s voluntary withdrawal from some distribution contracts in Europe and the United States. Foreign exchange effects were positive, adding €24.5 million (2.2%) to sales over the period.As expected, performance in the fourth quarter (down 24.0% on a reported basis) was heavily affected by the COVID-19 pandemic, which resulted particularly in the closure of on-trade outlets and the halting of international travel, first in Asia and subsequently in Europe and the United States.In organic terms (i.e. assuming constant exchange rates and consolidation scope), Group Brands declined 6.3% over the 2019/20
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- Why concerns about Rémy Cointreau's outlook continue [Yahoo! Finance]Yahoo! Finance
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- Rémy Cointreau: FY 2023-24 sales: -19.2% on an organic basisBusiness Wire
- Cointreau Announces the First-Ever Lime of Credit, a Fresh Twist on Funding Cinco de Mayo Celebrations [Yahoo! Finance]Yahoo! Finance
- Remy Cointreau: Growth Should Return This Year [Seeking Alpha]Seeking Alpha