Remy Cointreau SA (RCOP.PA)
22 May 2018
Wed, Apr 18 2018
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
* Shares down after CFO warns on bigger forex impact (Recasts with CFO forecasts, analysts comment, shares)
Jan 19 Remy Cointreau CFO Luca Marrotta tells analysts:
PARIS, Jan 18 French spirits group Remy Cointreau said on Friday that like-for-like sales growth slowed to 3.2 percent in the third quarter, as the late timing of the Chinese New Year and a high year-ago comparison basis weighed on its cognac sales. The Chinese New Year, a key moment for consuming and offering premium drinks, starts on Feb.16 this year, delaying its positive impact on sales to Remy Cointreau's fourth quarter.