Remy Cointreau SA (RCOP.PA)
19 Oct 2018
PARIS French spirits maker Remy Cointreau beat second quarter sales expectations on Friday and said it had seen no slowdown in China, a market that helped power demand for its Remy Martin cognac.
* No slowdown in China, CFO says (Recasts with CFO comments from call, shares, analyst)
PARIS, Oct 19 French spirits company Remy Cointreau said sales growth had accelerated in the second quarter on a like-for-like basis, beating expectations and helped by strong demand for its premium cognac in China and other key Asia-Pacific markets.
* Strong Chinese demand underpins cognac sales in Q1 (Recasts with details from call, shares, analysts)
LONDON Theresa May heads for Northern Ireland on Friday at the end of a tumultuous week for her Brexit plans. The province has particular significance for May: she relies on its Democratic Unionist Party to stay in office and customs relations with Ireland are a key stumbling block to her Brexit plans.
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.