Rémy Cointreau: FY 2023-24 sales: -19.2% on an organic basis
REMY COINTREAU UNSP/ADR (REMYY)
NASDAQ:AMEX Investor Relations:
remy-cointreau.com/en/finance/publications
Company Research
Source: Business Wire
Strong sequential improvement in sales in Q4: -0.7 %2023-24 COP margin guidance confirmedChina: significant growth in Q4 sales, boosted by positive phasing effects and good resilience of Rémy Martin CLUB in a persistently complex marketUnited States: continued destocking in Q4, amplified by negative phasing effectsEMEA: sequential improvement in Q4 sales, despite contrasting market trendsTravel Retail: strong rise in sales in Q4; full-year sales above 2019-20 levelCost-cutting plan confirmed: €100m of cost savings2023-24 COP margin objective confirmed: contained decrease on an organic basis PARIS--(BUSINESS WIRE)--Regulatory News:Rémy Cointreau (Paris:RCO) reported 2023-24 sales of €1,194.1 million, down -19.2% on an organic basis1 (+16.2% compared to 2019-20). On a reported basis, sales were down -22.9%, including a negative currency effect of -3.7%, due primarily to trends in the renminbi and the US dollar.This performance includes a nearly flat sales performance in Q4 2023-24 in
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