Rémy Cointreau: profitability improves in 2016-17.
(CercleFinance.com) - Rémy Cointreau has reported 2016-17 net profit, group share, that is up 85.
7% at 190.3 million, with a 26.7% increase in current operating profit to 226.1 million euros, meaning a 3.7-point improvement in the corresponding margin to 20.7%.
The group explains this improvement in profitability by “the excellent performance of our exceptional spirits and a controlled increase in communication investments and overheads.”
As of 31 March 2017, the group's revenues reached 1,094.9 million euros, up 4.2%. On an organic basis (at constant consolidation scope and exchange rates), growth was 4.7%, thanks to performance of the group's brands (+7.4%).
A dividend of 1.65 euro per share, up 3.1%, will be proposed at the general meeting of 25 July, with an option between payment in cash or shares for the entire dividend paid.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
7% at 190.3 million, with a 26.7% increase in current operating profit to 226.1 million euros, meaning a 3.7-point improvement in the corresponding margin to 20.7%.
The group explains this improvement in profitability by “the excellent performance of our exceptional spirits and a controlled increase in communication investments and overheads.”
As of 31 March 2017, the group's revenues reached 1,094.9 million euros, up 4.2%. On an organic basis (at constant consolidation scope and exchange rates), growth was 4.7%, thanks to performance of the group's brands (+7.4%).
A dividend of 1.65 euro per share, up 3.1%, will be proposed at the general meeting of 25 July, with an option between payment in cash or shares for the entire dividend paid.
Copyright (c) 2017 CercleFinance.com. All rights reserved.