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Rémy Cointreau: Underlying OM improves in first half

(CercleFinance.com) - Rémy Cointreau has published H1 2019-20 net income, group share excluding non-recurrent items that is down 5.
6% at 84.6 million euros, although its underlying operating margin (UOM) improved by 0.2 point to 26.4%.

At the end of September 2019, sales of the wines and spirits house reached 523.9 million euros, almost flat as reported (-0.6%), although down 3.6% in organic terms (at constant currencies and consolidation scope).

At the end of this first half and in the current geopolitical context, Rémy Cointreau anticipates token organic growth in its underlying operating income of the group's brands, with a flat result for FY 2019-20.

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