H1 update: sales grew organically +4.1% (cons. +2.4%, Q2: +7.4%). On reported figures sales were up +2.5% (FX: -1.6%). H1 performance by division: Remy Martin +5.1% (cons. +3.1%), L&S +5.1% (cons. +2.3%), Partner brands -3.1% (cons. -1.3%). The company maintained its FY guidance: improvement in current operating profit, assuming constant FX and scope of consolidation.
18 Oct 2016
Q2 above expectations lifted by the US and China
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Q2 above expectations lifted by the US and China
Remy Cointreau SA (RCO:WBO) | 0 0 1.4% | Mkt Cap: 5,449m
- Published:
18 Oct 2016 -
Author:
Anna Zyniewicz -
Pages:
2
H1 update: sales grew organically +4.1% (cons. +2.4%, Q2: +7.4%). On reported figures sales were up +2.5% (FX: -1.6%). H1 performance by division: Remy Martin +5.1% (cons. +3.1%), L&S +5.1% (cons. +2.3%), Partner brands -3.1% (cons. -1.3%). The company maintained its FY guidance: improvement in current operating profit, assuming constant FX and scope of consolidation.