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Recovery in Q4 for Rémy Cointreau but full-year stays red – results data

Olly Wehring
Last updated: 26/04/2024 at 12:33 PM
By Olly Wehring
26 April 2024
3 Min Read

Rémy Cointreau has finished its latest financial year with a relative flourish, following the nine-month double-digit sales tumble with a flat performance in the closing quarter.


Chart showing Remy Cointreau total sales 2017-2024
  • Sales in financial fourth quarter – to end of March – decline 0.7% to EUR237.5m (US$254.5m)
  • For fiscal 2024, top-line down 19.2% at EUR1.19bn
  • Twelve-month cognac sales decline 25.1%, jumping 15.4% in Q4
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Sales in financial fourth quarter - to end of March - decline 0.7% to EUR237.5m (US$254.5m)For fiscal 2024, top-line down 19.2% at EUR1.19bnTwelve-month cognac sales decline 25.1%, jumping 15.4% in Q4A near-1% top-line slip in the three months to the end of March represented a marked improvement for the brand owner on the 22.7% year-to-date decline announced in January. Subsequently, the -19.2% sales showing for fiscal 2024 was within Rémy Cointreau's previously-forecast -15%-to--20% bracket. Having seen its Rémy Martin cognac brand take a battering during calendar 2023, the comp

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TAGGED:Rémy Cointreau
Olly Wehring
ByOlly Wehring
Olly has been reporting on the beverage industry as a B2B journalist since 2003. He spent 18 years at Just Drinks, 16 of which as managing editor. Since joining Global Drinks Intel in 2022, he's interviewed the CEOs for brand owners including AB InBev, Campari Group, Carlsberg, Heineken and Suntory Global Spirits and has a bulging contacts book from across beverage alcohol worldwide.
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