An “outstanding” performance in the Americas and “renewed growth” in China for Rémy Cointreau’s Cognac business have handed the company a strong first half to the year, writes Peter Wells.
The French spirits maker said the performance was boosted by its high-end products and a positive foreign exchange effect, and has stuck to its operating profit guidance for the fiscal year.
Reported operating profit in its House of Rémy Martin unit, which accounted for 31.6 per cent of total group sales by value, rose 9.1 per cent at constant exchange rates to €101.9m in the six months to September 30 compared to the previous year.
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