H1 results: As a reminder, the group reported 7.7% OG in sales at its trading update in October. The current operating profit was up +10.1% organically (largely in line with consensus) and +2.9% on a reported basis pre-IFRS and +3.1% on a post-IFRS basis. The reported operating margin expanded by 160bp to 26.2% (24.1% on pre-IFRS). By division and on an organic basis, Remy Martin reported -20bp in the current operating margin, due to significant investments in communication (+12.5%) and distr
10 Dec 2018
H1 meets expectations
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H1 meets expectations
Remy Cointreau SA (RCO:WBO) | 0 0 1.4% | Mkt Cap: 5,449m
- Published:
10 Dec 2018 -
Author:
Anna Zyniewicz -
Pages:
2
H1 results: As a reminder, the group reported 7.7% OG in sales at its trading update in October. The current operating profit was up +10.1% organically (largely in line with consensus) and +2.9% on a reported basis pre-IFRS and +3.1% on a post-IFRS basis. The reported operating margin expanded by 160bp to 26.2% (24.1% on pre-IFRS). By division and on an organic basis, Remy Martin reported -20bp in the current operating margin, due to significant investments in communication (+12.5%) and distr