H1 results: as a reminder the group reported 4.1% OG in sales at its trading update in October. The current operating profit was up +15.9% (vs. cons. at 11.2%, of which +7% organically). The operating margin expanded by 270bp to 24.1% (cons. 23.2%). By division. Remy Martin reported +410bp in the current operating margin, being fuelled by high-end products (renewed growth in China, a robust US). L&S reported +180bp in the operating margin driven by the US, an improved France, Russia and a
24 Nov 2016
H1 results: China fuels margin improvement
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H1 results: China fuels margin improvement
Remy Cointreau SA (RCO:WBO) | 0 0 1.4% | Mkt Cap: 5,449m
- Published:
24 Nov 2016 -
Author:
Anna Zyniewicz -
Pages:
2
H1 results: as a reminder the group reported 4.1% OG in sales at its trading update in October. The current operating profit was up +15.9% (vs. cons. at 11.2%, of which +7% organically). The operating margin expanded by 270bp to 24.1% (cons. 23.2%). By division. Remy Martin reported +410bp in the current operating margin, being fuelled by high-end products (renewed growth in China, a robust US). L&S reported +180bp in the operating margin driven by the US, an improved France, Russia and a