Rémy Cointreau Reports Consolidated Sales Results for the Nine Months Ended December 2016; Confirms Earnings Guidance for the Fiscal Year 2017
January 19, 2017 at 06:30 am
Rémy Cointreau reported consolidated sales results for the nine months ended December 2016. For nine months, the company reported total sales of 836.7 million against 799.2 million for the same period a year ago. Sales growth in the first nine months was driven primarily by the Group brands (+9.1% on an organic basis), while the dip in sales by Partner brands (-15.3% organic) was due to the end of the distribution contract for the Charles Heidsieck and Piper Heidsieck champagne brands.
Company is confirming its guidance of growth in current operating profit over the 2016/17 financial year, assuming constant exchange rates and consolidation scope.