Edition:
United Kingdom

Remy Cointreau not seeing any slowdown in Chinese demand


Friday, 19 Oct 2018 

Oct 19 (Reuters) - Remy Cointreau SA CFO Luca Marotta tells analysts::CFO SAYS MID-AUTUMN FESTIVAL MORE THAN CONFIRMED SOLID TRENDS IN CHINA.CFO SAYS STRONG TREND IN US IN Q2 BODES WELL FOR H2 FOR COGNAC AND COINTREAU.CFO SAYS EXPECTS ACCELERATION IN LIQUEURS & SPIRITS DIVISION IN H2.CFO SAYS IS "OK" WITH MARKET CONSENSUS FOR 13.5 PERCENT RISE IN CURRENT OPERATING PROFIT IN FY 2018/19.CFO SAYS NOT SEEING ANY SLOWDOWN IN DEMAND IN CHINA, SO FAR VERY OPTIMISTIC ON CHINA, MORE OPTIMISTIC THAN A FEW MONTHS AGO.CFO SAYS DEMAND FOR THE MID-AUTUMN FESTIVAL IN CHINA WAS BETTER THAN EXPECTED IN VOLUME AND IN VALUE.CFO SAYS BELIEVES GROUP IS BETTER PREPARED THAN 5-6 YEARS AGO TO FACE AN EVENTUAL CRISIS IN CHINA.CFO SAYS NOT SEEING ANY SLOWDOWN IN DEMAND FOR ITS LUXURY LOUIS XIII COGNAC IN CHINA.