Edition:
United Kingdom

Remy would have to increase prices if trade war with U.S.-CFO


Friday, 20 Jul 2018 

July 20 (Reuters) - Remy Cointreau SA : CFO Luca Marotta:CFO SAYS STICKING WITH WHAT HE SAID IN JUNE ABOUT MARKET CONSENSUS FOR CURRENT OPERATING PROFIT FOR FY 18/19 AT CONSTANT RATES, SCOPE, SAYS "WE ARE FINE " WITH 13 PCT GROWTH.CFO SAYS IN CASE OF A TRADE WAR, THE GROUP WOULD HAVE TO INCREASE PRICES, SAYS "WE CANNOT PRODUCE COGNAC IN TEXAS".CFO SAYS WE ARE FINE WITH OUR COGNAC STOCKS LEVELS. 

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