H1 results: As a reminder the group reported 7% OG in sales at its trading update in October. The current operating profit was up +11.8% organically (in line with consensus) and +8.2% on a reported basis. The reported operating margin expanded by 50bp to 24.6% (+110bp organically). By division and on an organic basis, Remy Martin reported +60bp in the current operating margin (-10bp on reported), being driven by a positive mix and pricing, especially in China, Russia, UK and Travel Retail. L&
23 Nov 2017
H1 in line
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H1 in line
Remy Cointreau SA (RCO:WBO) | 0 0 1.4% | Mkt Cap: 5,449m
- Published:
23 Nov 2017 -
Author:
Anna Zyniewicz -
Pages:
2
H1 results: As a reminder the group reported 7% OG in sales at its trading update in October. The current operating profit was up +11.8% organically (in line with consensus) and +8.2% on a reported basis. The reported operating margin expanded by 50bp to 24.6% (+110bp organically). By division and on an organic basis, Remy Martin reported +60bp in the current operating margin (-10bp on reported), being driven by a positive mix and pricing, especially in China, Russia, UK and Travel Retail. L&