United States

Remy Cointreau says China performance can improve further over 3-5 years

Tuesday, 17 Oct 2017 04:07am EDT 

Oct 17 (Reuters) - Remy Cointreau Chief Financial Officer Luca Marotti::Says on conference call that the negative foreign exchange impact on net group results, when modelled on a yearly basis, will be around 7 to 8 million euros ($9.42 million).Says China can improve performance over the next three to five years, though not necessarily "in a straight line".Says aiming in the medium term to increase annual advertising spend at a higher pace than sales growth.