Asia-Pac drives solid sales performance for Remy Cointreau

Rémy Cointreau has confirmed its guidance for the 2016-17 year thanks to a strong performance in the Asia Pacific region.

The French spirit maker reported a 4.2 per cent increase in total sales to €1.09bn for the 12 months ended March 31, or organic growth of 4.7 per cent when using constant exchange rates.

The company said its “robust growth” was driven by its group brands, which span rum, whisky and gin, and its flagship House of Rémy Martin, which is focused on cognac and accounted for almost two-thirds of revenue in the financial year.

Rémy Cointreau said the group’s momentum reflected a clear acceleration in the Asia Pacific region, singling out Greater China and Australia, as well as “excellent” performance in the Americas thanks to the US and Canada. Performance in Europe was more mixed, though.

With annual sales in line with its forecasts, Rémy Cointreau confirmed its guidance for growth in current operating profit over the 2016-17 financial year, assuming constant exchange rates and scope for possible acquisitions.