RC released its FY accounts this morning. As a reminder, the group reported +0.3% OG in sales in April. The organic operating profit was up +6.1% (vs. consensus +3.6%) and +14.4% on reported figures. OG operating profit by segment: Remy Martin +6.4% (cons. +4.3%), Liqueurs & Spirits -2.8% (cons. +1.1%), Partner brands -22.9% (cons. -12.5%). In the reported figures, the operating margin was up +80bp to 17% (RM +80bp, L&S -170bp, PB -60bp). Net profit attributable to the group was up 10
09 Jun 2016
Good FY driven by a strong US; FY guidance reflects volatility of markets
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Good FY driven by a strong US; FY guidance reflects volatility of markets
Remy Cointreau SA (RCO:WBO) | 0 0 1.4% | Mkt Cap: 5,449m
- Published:
09 Jun 2016 -
Author:
Anna Zyniewicz -
Pages:
3
RC released its FY accounts this morning. As a reminder, the group reported +0.3% OG in sales in April. The organic operating profit was up +6.1% (vs. consensus +3.6%) and +14.4% on reported figures. OG operating profit by segment: Remy Martin +6.4% (cons. +4.3%), Liqueurs & Spirits -2.8% (cons. +1.1%), Partner brands -22.9% (cons. -12.5%). In the reported figures, the operating margin was up +80bp to 17% (RM +80bp, L&S -170bp, PB -60bp). Net profit attributable to the group was up 10