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Remy Cointreau lowers tariff impact estimates after deal

French spirits maker Remy Cointreau has today raised its annual profit forecast, joining larger rival Pernod Ricard - which owns Irish Distillers - in flagging a lower than feared blow from US tariffs after a 15% rate was agreed on EU imports last month.

Business • 29 Aug

Remy Cointreau lifts profit view as sales grow

French spirits maker Remy Cointreau reported its first quarter of sales growth since early 2023 and raised its full-year profit guidance today as tariff threats receded.

Business • 25 Jul

China spares cognac makers from EU brandy dumping duties

China spared major cognac producers Pernod Ricard and Remy Cointreau from new duties of up to 35% on EU brandy announced today, provided they sell at a minimum price.

Business • 04 Jul

Remy Cointreau expects full-year group organic sales to decline about 18% -the lower end of its guidance range

Remy eyes full-year sales decline at low end of range

Remy Cointreau said today it expects full-year group organic sales to decline about 18%, the lower end of its guidance range, citing lack of visibility of a recovery in US demand and worsening market conditions in China.

Business • 29 Jan

Remy Cointreau CEO Eric Vallat said the company would be able to handle a 10% tariff on foreign goods, mainly via cost cuts, if imposed by incoming US President Donald Trump

Remy Cointreau forecast sales drop as US recovery slows

Remy Cointreau has today forecast a bigger-than-expected drop in full-year sales, citing a very slow recovery in the US market, where inflation and the threat of tariffs have hit demand for spirits.

Business • 28 Nov 24

Remy Cointreau was forced to cut its full-year guidance in October amid falling US sales following a post-Covid boom

Remy Cointreau beats third quarter sales forecast

French spirits maker Remy Cointreau has today posted a slightly smaller-than-expected decline in third quarter sales, helped by a sequential improvement in the US and major destocking in China ahead of the Chinese New Year.

Business • 26 Jan 24

Remy Cointreau and Pernod Richard sell cognac under brands including Hennessy, Remy Martin and Martell

Remy, Pernod shares fall on China EU brandy probe

Shares in French spirits companies Remy Cointreau and Pernod Ricard fell today after China announced the launch of an anti-dumping investigation on brandy imported from the European Union.

Business • 05 Jan 24

French spirits group Remy Cointreau is sticking to its full-year 2023/24 forecast for lower sales and profitability

Remy Cointreau maintains forecast after H1 profit drop

French spirits group Remy Cointreau has today stuck to its full-year 2023/24 forecast for lower sales and profitability, saying the key US market would not see a sales rebound before the next financial year.

Business • 30 Nov 23

Remy Cointreau said it was banking on a sharp rebound in sales in the US from the third quarter

Remy Cointreau confident on H2 rebound after weak start

French spirits group Remy Cointreau has today reported a fall in first-quarter organic sales, reflecting weaker US demand, high year-ago comparables and destocking.

Business • 25 Jul 23

Remy Cointreau said its operating profit rose by 16.2% to a record €429.6m

Remy Cointreau's annual profit beat forecasts

French spirits group Remy Cointreau has today reported a higher-than-expected 16.2% organic rise in operating profit for its 2022/23 fiscal year.

Business • 01 Jun 23

The company said that shipments to China ahead of the Lunar New Year partly offset lower cognac consumption in the US

Remy Cointreau's sales fall less than feared in Q3

French spirits maker Remy Cointreau has posted a smaller-than-expected drop in third-quarter sales, as steep shipments to China ahead of the Lunar New Year partly offset lower cognac consumption in the US.

Business • 27 Jan 23

Remy Cointreau's fiscal year starts on April 1 and ends on March 31

Remy Cointreau's first half profits beat expectations

Remy Cointreau has reported a stronger-than-expected 27.2% organic jump in first-half operating profit, driven by strong demand for its premium cognac in China and the US and cost controls.

Business • 24 Nov 22

Remy Cointreau's sales were up by a better than expected 16.2% in the second quarter

Remy Cointreau confident after Q2 sales beat forecasts

Remy Cointreau said it was looking to the 2022/2023 full year with confidence after its sales rose by a stronger-than-expected 16.2% in the second quarter, boosted by a recovery in demand for its premium cognac in China.

Business • 25 Oct 22

The French spirits group's operating profit rose by 39.9% to €334.4m

Remy Cointreau upbeat despite China lockdowns

French spirits group Remy Cointreau has today reported a higher-than-expected operating profit growth for the 2021/22 fiscal year and said it was confident over its upbeat outlook for this year and beyond.

Business • 02 Jun 22

Remy Cointreau said it reported a sales rise of 27.3%, in line with expectations, for the year to the end of March

Remy Cointreau issues confident outlook

French spirits group Remy Cointreau said today it was confident over prospects for this year, predicting a strong start to business in the first quarter despite Covid-related restrictions in key market China.

Business • 29 Apr 22

Sales at the Remy Martin cognac division, which makes 90% of the group profits, rose 19.4% to €332.7m

Remy Cointreau confident on profit outlook

French spirits group Remy Cointreau has beaten third-quarter sales forecasts and said it was confident that demand for its premium cognac in China, the US and Europe would underpin profit growth this year.

Business • 25 Jan 22

Remy Cointreau said its revised outlook was driven by strong demand for its premium cognac in China, the US and Europe

Remy Cointreau raises its annual outlook

Remy Cointreau has raised its full-year profit outlook after reporting a stronger-than-expected 104.5% organic jump in first-half operating profit.

Business • 25 Nov 21

Cognac sales alone reached €265m in the first half of its financial year, a like-for-like rise of 26.9%

Remy Cointreau flags 'exceptional' H1 profit growth

Remy Cointreau has today forecast an "exceptional" current operating profit growth in the first half of its 2021/2022 fiscal year after its sales rose by a stronger-than-expected 23.7% in the second quarter.

Business • 22 Oct 21

The maker of Remy Martin cognac said it had emerged stronger from the Covid-19 crisis

Remy Cointreau's annual profit beats forecast

French spirits group Remy Cointreau has reported higher-than-expected operating profit growth for its 2020/21 fiscal year and was upbeat over prospects for this year and beyond.

Business • 03 Jun 21

The maker of Remy Martin cognac and Cointreau liqueur has predicted a strong start to its 2021/22 fiscal year

Remy Cointreau eyes 10% full-year profit growth

Remy Cointreau said it expected organic growth of around 10% in current operating profit in the 2020/21 fiscal year, after strong demand in the US and China for its premium cognac lifted fourth quarter sales by 15.1%.

Business • 23 Apr 21

Remy Cointreau has today posted a 25.1% jump in better than expected like-for-like sales in the third quarter

Remy Cointreau's quarterly sales beat forecasts

French spirits group Remy Cointreau posted a 25.1% jump in better than expected like-for-like sales in the third quarter and retained its annual outlook, driven by upbeat demand for its premium cognac in the US and China.

Business • 22 Jan 21

Remy Cointreau has reported better than expected H1 profits despite the global Covid-19 pandemic

Remy Cointreau eyes return to profit grow this year

Spirits group Remy Cointreau has reported better than expected first-half profits despite the global Covid-19 pandemic, and predicted a strong recovery in the second half, driven by China and the US.

Business • 26 Nov 20

Remy Cointreau said that Cognac sales fell 2.5% in the quarter, slower than the 4.9% decline forecast

Remy Cointreau raises H1 profit outlook

Remy Cointreau said its first-half core profit will fall less than expected after the company posted a broader recovery in second-quarter sales, powered by robust demand for its premium cognac in the US and China.

Business • 20 Oct 20

Remy Cointreau relies on its Remy Martin cognac label for the bulk of sales

Hong Kong tourism fall hits sales at Remy Cointreau

French spirits maker Remy Cointreau said falling tourism in Hong Kong hurt cognac sales in its second quarter, as a revenue decline deepened across the group.

Business • 18 Oct 19

Remy Cointreau said its operating profits for the year ended March 31 rose to €263.6m

Chinese demand helps Remy's profits beat forecasts

Remy Cointreau handed investors a special dividend of €1 per share after reporting a stronger-than-expected 14% rise in annual operating profit.

Business • 06 Jun 19