Strong Sales Growth by Rémy Cointreau
French drinks group Rémy Cointreau has reported a 16.3% rise (up 8.8% organically) in consolidated sales to Eur1.19 billion for the financial year ended 31 March 2013. Group brands increased by 18.6% (up 10.3% organically). The performance is impressive in that it was achieved on the back of double-digit growth the previous year.
Over the 12 months, the foreign exchange effect was a positive 6.8%, whilst changes in the group’s structure, related to acquisitions, were a positive 0.7%. The US and Asia maintained their double digit growth. Europe, despite a mixed economic environment, also contributed to this performance.
Jean-Marie Laborde, Chief Executive Officer, comments: “This performance confirms the group’s strategic orientation initiated over the last few years. Our results were driven by the move upmarket of the entire brand portfolio, innovations supported by targeted investment and the expertise of our worldwide distribution network. During the financial year we have, once again, consolidated our positioning and reaffirmed our high value and long-term strategy.”
