Asian sales help Rémy Cointreau grow 4 %

Asian sales help Rémy Cointreau grow 4 %
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Liquor manufacturer Rémy Cointreau’s turnover grew 4.2 % to 1.09 billion euro in its latest fiscal year (which ended on 31 March). Organically, it even achieved a 4.7 % growth.

Own brand performed well

The company has to thank its own brands for the turnover increase, because Rémy Martin grew 10 % and overall, its brands grew 7.4 % in general. Its partner brands’ turnover dipped 14.2 %, mostly because it no longer collaborates with Piper Heidseck. Eliminating that brand shows that its other partner brands still managed decent growth.

 

For its EMEA region, turnover dropped 2.7 %, particularly with a weaker Western European performance. African results were hampered by weak Nigerian sales, but thankfully, sales in Asia and Oceania were positive, with a 7.5 % turnover increase. Strong sales in Australia and the recovery of its Chinese market helped a lot in that regard. Japanese turnover still suffers from a strong yen and higher prices and American turnover stabilized following several years of rapid growth. Luckily for the French company, its Canadian and Latin American growth picked up speed.