Rémy Cointreau: Continued Strong Growth, Ahead of Expectations
Sales up
Full-year guidance confirmed
The Cognac division continued to enjoy buoyant demand in the third quarter (up +
All regions contributed to Rémy Cointreau’s very strong third-quarter performance. The
Breakdown of sales by division:
€m
|
9 months
|
9 months
|
Change
|
Change
|
|
Reported |
Organic |
Organic |
|||
Cognac |
797.3 |
572.5 |
|
|
|
|
262.8 |
187.2 |
|
|
|
Subtotal: Group Brands |
1,060.1 |
759.6 |
|
|
|
Partner Brands |
25.7 |
21.2 |
|
|
|
Total |
1,085.8 |
780.9 |
|
|
|
Cognac
The Cognac division delivered an excellent performance, with sales up +
Sales at the
Partner Brands
Sales of Partner Brands were up +
2021-22 outlook: full-year guidance confirmed
For financial year 2021-22,
In an environment marked by high base of comparison, the Group confirms its intention to meaningfully increase its marketing and communication spend in the second half to support its brands through the recovery and boost their medium-term growth potential.
Consequently,
The Group expects full-year scope effects of -
Appendices
First quarter 2021-22 sales (April-
€m |
Reported
|
Forex
|
Scope
|
Organic
|
Reported
|
Reported
|
Change
|
|
|
A |
|
|
B |
C |
A/C-1 |
B/C-1 |
|
Cognac |
199.6 |
-12.1 |
0.1 |
211.6 |
98.7 |
|
|
|
|
85.3 |
-3.8 |
1.3 |
87.8 |
46.1 |
|
|
|
Subtotal: Group Brands |
284.9 |
-15.9 |
1.4 |
299.5 |
144.8 |
|
|
|
Partner Brands |
8.2 |
0 |
0 |
8.2 |
5.3 |
|
|
|
Total |
293.1 |
-15.9 |
1.4 |
307.6 |
150.1 |
|
|
Second quarter 2021-22 sales (July-
€m |
Reported
|
Forex
|
Scope
|
Organic
|
Reported
|
Reported
|
Change
|
|
|
A |
|
|
B |
C |
A/C-1 |
B/C-1 |
|
Cognac |
265.0 |
2.8 |
-0.1 |
262.3 |
206.8 |
|
|
|
|
78.8 |
1.3 |
0.7 |
76.8 |
66.0 |
|
|
|
Subtotal: Group Brands |
343.8 |
4.1 |
0.6 |
339.1 |
272.7 |
|
|
|
Partner Brands |
8.4 |
0.1 |
0 |
8.3 |
8.1 |
|
|
|
Total |
352.2 |
4.3 |
0.6 |
347.4 |
280.8 |
|
|
First half 2021-22 sales (April-
€m |
Reported
|
Forex
|
Scope
|
Organic
|
Reported
|
Reported
|
Change
|
|
|
A |
|
|
B |
C |
A/C-1 |
B/C-1 |
|
Cognac |
464.6 |
-9.3 |
0 |
473.9 |
305.4 |
|
|
|
|
164.1 |
-2.5 |
1.9 |
164.7 |
112.1 |
|
|
|
Subtotal: Group Brands |
628.7 |
-11.8 |
2.0 |
638.6 |
417.5 |
|
|
|
Partner Brands |
16.6 |
0.1 |
0 |
16.5 |
13.3 |
|
|
|
Total |
645.3 |
-11.7 |
2.0 |
655.0 |
430.8 |
|
|
Third quarter 2021-22 sales (October-
€m |
Reported
|
Forex
|
Scope
|
Organic
|
Reported
|
Reported
|
Change
|
|
|
A |
|
|
B |
C |
A/C-1 |
B/C-1 |
|
Cognac |
332.7 |
13.8 |
- |
318.9 |
267.0 |
|
|
|
|
98.7 |
3.0 |
- |
95.6 |
75.1 |
|
|
|
Subtotal: Group Brands |
431.4 |
16.9 |
- |
414.5 |
342.1 |
|
|
|
Partner Brands |
9.1 |
0.1 |
- |
9.0 |
7.9 |
|
|
|
Total |
440.5 |
17.0 |
- |
423.5 |
350.0 |
|
|
9-month 2021-22 sales (April-
€m |
Reported
|
Forex
|
Scope
|
Organic
|
Reported
|
Reported
|
|
Change
|
|
A |
|
|
B |
C |
A/C-1 |
B/C-1 |
|
Cognac |
797.3 |
4.5 |
0.0 |
792.8 |
572.5 |
|
|
|
|
262.8 |
0.6 |
1.9 |
260.3 |
187.2 |
|
|
|
Subtotal: Group Brands |
1,060.1 |
5.1 |
2.0 |
1053.0 |
759.6 |
|
|
|
Partner Brands |
25.7 |
0.2 |
0.0 |
25.5 |
21.2 |
|
|
|
Total |
1,085.8 |
5.3 |
2.0 |
1078.5 |
780.9 |
|
|
Definitions of alternative performance indicators
Rémy Cointreau’s management process is based on the following alternative performance indicators, selected for planning and reporting purposes. The Group’s management considers that these indicators provide users of the financial statements with useful additional information to help them understand the Group’s performance. These alternative performance indicators should be considered as supplementing those included in the consolidated financial statements and the resulting movements.
Organic sales growth
Organic growth is calculated excluding the impact of exchange rate fluctuations, acquisitions and disposals.
The impact of exchange rates is calculated by converting sales for the current financial year using average exchange rates from the previous financial year.
For acquisitions in the current financial year, sales of acquired entities are not included in organic growth calculations. For acquisitions in the previous financial year, sales of acquired entities are included in the previous financial year but are only included in organic growth calculations for the current year with effect from the anniversary date of the acquisition.
For significant disposals, data is post-application of IFRS 5 (under which sales of entities disposed of are systematically reclassified under “Net earnings from discontinued operations” for the current and previous financial year). This indicator serves to focus on Group performance common to both financial years, which local management is more directly capable of measuring.
Regulated information in connection with this press release can be found at www.remy-cointreau.com.
1 All references to “organic growth” in this press release correspond to sales growth at constant currency and scope.
2
3
View source version on businesswire.com: https://www.businesswire.com/news/home/20220124005667/en/
Celia d’Everlange: +33 6 03 65 46 78
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