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Rémy Cointreau sales €523.9 million

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Christian Fernsby ▼ | November 28, 2019
Over the six month period ending September 2019, Rémy Cointreau generated sales of €523.9 million, virtually stable on a reported basis (-0.6%) and down 3.6% in organic terms (at constant exchange rates and consolidation scope).
Rémy Cointreau
Rémy Cointreau   Current Operating Profit (COP) was stable
Current Operating Profit (COP) was stable at €138.3 million: The good growth of the Group Brands’ COP (+5.5%) was offset by a €3.3 million decrease in Partner Brands’ COP (voluntary withdrawal from certain distribution contracts) and the usual volatility in Holding costs (up €4.3 million).

Topics: Rémy Cointreau

Consequently, the current operating margin stood at 26.4% at the end of September, up 0.2 point. While the strategy of upscaling the Group Brands was once again reflected in a substantial rise in gross margin (+4.0 points), this was reinvested into strategic investments in communications (+13.3%) and into

igher Holding costs.

Currency effects were favourable over the period for €6.5 million.

Excluding non-recurring items, the Group share of net profit came in at €84.6 million, down 5.6%.