Rémy Cointreau Reports Consolidated Sales Results for the Third Quarter and Nine Months Ended December 2017; Confirms Earnings Guidance for the Fiscal Year 2018
For nine months, the company reported total sales of 862.1 million against 836.7 million for the same period a year ago. Performance in the first nine months was driven by the Group Brands, in particular by the House of Rémy Martin, while Liqueurs & Spirits and Partner Brands were negatively impacted by the deconsolidation of Passoã and the end of the distribution agreement for the champagne brands, respectively.
The company confirms its guidance of growth in Current Operating Profit over the financial year 2017/18, assuming constant exchange rates and consolidation scope.