Remy Cointreau SA (RCOP.PA)
17 Aug 2018
Fri, Jul 20 2018
* Strong Chinese demand underpins cognac sales in Q1 (Recasts with details from call, shares, analysts)
PARIS, July 20 French spirits group Remy Cointreau kept its full year profit growth goal on Friday, although sales growth slowed in the first quarter as price increases held back demand for its premium cognac in America and Europe.
PARIS Remy Cointreau expects more profit growth this year, helped by strong demand for its premium cognacs in China and its efforts to sell higher-priced spirits to boost margins.
PARIS, June 7 Remy Cointreau said its annual operating profits rose by a stronger-than-expected 14.1 percent, helped by cost controls and strong demand for its premium cognacs in China.
PARIS, April 18 French spirits company Remy Cointreau reported higher annual sales, helped by strong demand for its premium cognac in China, and kept its target for profit growth this year.
* PHILIPPE FARNIER, THE CURRENT CEO OF THE AMERICAS REGION, IS APPOINTED CEO OF THE HOUSE OF RÉMY MARTIN, HE WILL ALSO HAVE RESPONSIBILITY FOR THE RÉMY MARTIN AND LOUIS XIII BRANDS