RC released its Q1 update. Sales were flat on an organic basis (vs. cons. at +1.5%) and -2.1% on reported figures. Organic performance by segment: Remy Martin -0.5% (cons. +0.9%), Liqueurs & Spirits -0.8% (cons. +2.9%) and Partner Brands +4.3% (cons. +1.7%). As a reminder, Q1 is a relatively small quarter for the company (c. 20% contribution to sales). Remy Cointreau expects organic sales to accelerate in the coming quarters and maintains its FY guidance.
20 Jul 2016
Flat Q1 but the underlying trends are reassuring
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Flat Q1 but the underlying trends are reassuring
Remy Cointreau SA (RCO:WBO) | 0 0 1.4% | Mkt Cap: 5,449m
- Published:
20 Jul 2016 -
Author:
Anna Zyniewicz -
Pages:
2
RC released its Q1 update. Sales were flat on an organic basis (vs. cons. at +1.5%) and -2.1% on reported figures. Organic performance by segment: Remy Martin -0.5% (cons. +0.9%), Liqueurs & Spirits -0.8% (cons. +2.9%) and Partner Brands +4.3% (cons. +1.7%). As a reminder, Q1 is a relatively small quarter for the company (c. 20% contribution to sales). Remy Cointreau expects organic sales to accelerate in the coming quarters and maintains its FY guidance.