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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Remy Cointreau expects consistent FY 2023/24 revenues.

Creator: Stephane Mahe
Creator: Stephane Mahe Creator: Stephane Mahe
Creator: Stephane Mahe
Creator: Stephane Mahe Creator: Stephane Mahe

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Remy Cointreau (RCOP.PA), a French spirits producer, said on Friday that it expects organic sales to remain steady during the 2023/24 fiscal year, despite a sluggish first half for cognac demand in the United States and a robust comeback in China.

The producer of Remy Martin cognac and Cointreau liquor reported sales growth beyond expectations and reiterated a prediction for significant organic growth in current operating profit for its 2022/2023 full fiscal year ending March 31.

With a substantial resurgence in business in China since February thanks to the easing of COVID limitations, group sales came in at €1.548 billion, an organic increase of 10.1% that slightly topped a company-compiled forecast of 9.9% growth.


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