FY release: as a reminder, sales grew organically +4.7% in FY16/17. The current organic operating margin was up 150bp to 18.5% whereas the reported current operating margin was up 370bp to 20.7% (cons. 19.3%, AV 19.9%) with 26.2% for Remy Martin (vs. 21.6% last year). OG operating profit by segment: Remy Martin +19.9% (cons. +14.7%), Liqueurs & Spirits +9.7% (cons. +3.8%), Partner brands -72.4% (cons. -16.9%, largely impacted by the end of third-party distribution contracts). The proposed
08 Jun 2017
FY tops expectations, focus on investment behind the brands
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FY tops expectations, focus on investment behind the brands
Remy Cointreau SA (RCO:WBO) | 0 0 1.4% | Mkt Cap: 5,449m
- Published:
08 Jun 2017 -
Author:
Anna Zyniewicz -
Pages:
2
FY release: as a reminder, sales grew organically +4.7% in FY16/17. The current organic operating margin was up 150bp to 18.5% whereas the reported current operating margin was up 370bp to 20.7% (cons. 19.3%, AV 19.9%) with 26.2% for Remy Martin (vs. 21.6% last year). OG operating profit by segment: Remy Martin +19.9% (cons. +14.7%), Liqueurs & Spirits +9.7% (cons. +3.8%), Partner brands -72.4% (cons. -16.9%, largely impacted by the end of third-party distribution contracts). The proposed