Rémy Cointreau: limited fall in H1 underlying OM

(CercleFinance.com) - Rémy Cointreau has reported a 23% fall in net income, group share, excluding non-recurrent items, at 65.
2 million euros for H1 2020-21, with its underlying operating margin slipping just 1.7 point to 24.7%.

At the end of September, the wine and spirits company's sales amounted to 430.8 million euros, down 17.8% as reported and down 16.4% on an organic basis (on a like-for-like basis and at constant exchange rates), in the context of the global pandemic.

Still expecting a real recovery in the second half of the year, driven by the United States and mainland China, Rémy Cointreau forecasts positive organic growth in its underlying profit for FY 2020-21.


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