Remy Cointreau has reported a stronger-than-expected 27.2% natural leap in first-half working revenue, pushed by sturdy demand for its premium cognac in China and the US and price controls.
For the total 12 months of 2022/23, the maker of Remy Martin cognac and Cointreau liqueur reiterated it anticipated one other 12 months of sturdy natural gross sales development.
It mentioned the second half can also be set to mirror a return to regular consumption tendencies after two years of “distinctive development”.
Group present working revenue for the six months to September 30 reached €319.3m, marking an natural rise of 27.2%.
That outperformed a company-compiled consensus of twenty-two analysts that forecast present working revenue of €306m, up 23.8% like-for-like.
Remy Cointreau’s fiscal 12 months begins on April 1 and ends on March 31.