Rémy Cointreau: First-Quarter Sales 2021/21
REMY COINTREAU UNSP/ADR (REMYY)
NASDAQ:AMEX Investor Relations:
remy-cointreau.com/en/finance/publications
Company Research
Source: Business Wire
(April-June 2021)Exceptional sales growth: +105.0% in organic termsSales well-above Q1 2019/20 (pre-pandemic)Full-Year guidance confirmed PARIS--(BUSINESS WIRE)--Regulatory News:Rémy Cointreau (Paris:RCO) generated sales of €293.1 million, up +105.0% in organic terms1, driven by continued excellent momentum in the United States and mainland China, and by a clear improvement in the EMEA region2 thanks to the gradual reopening of the on-trade channel. The performance also includes the phasing effects of shipments to the United States. The Group increased sales by +36.5% at constant currency and scope compared with 1st quarter 2019/20 (pre-pandemic). Sales rose +95.3% on a reported basis, including a positive scope effect of +0.9% owing to the acquisitions of JR. Brillet and J. de Telmont and an unfavourable currency trend of -10.6%.All the brands contributed to the Group's excellent performance. The Cognac division had a remarkable start to the year, up +114.4% in organic terms. The
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- European stocks climb Monday [MarketWatch]MarketWatch
- Rémy Cointreau renews and upsizes its syndicated loan to €180 million [Seeking Alpha]Seeking Alpha