Rémy Cointreau

First-quarter sales 2018/2019 (April 2018 – June 2018)

Regulatory News:

Rémy Cointreau (Paris:RCO) posted sales of €241.5 million in the first quarter of its 2018/19 financial year, up 0.5% in reported terms. This reflects organic growth (at constant exchange rates and scope) of 5.9%, partially offset by unfavourable currency effects.

The Group Brands (+8.8%) had a strong start to the year: The House of Rémy Martin pursued its upward momentum (+11.1%*) underpinned by remarkable growth in Greater China and Travel Retail. The Liqueurs and Spirits division renewed its growth (+2.8%*) in the first quarter, driven by the Houses of Cointreau and Metaxa, as well as the single malt whiskies and The Botanist gin. Partner Brands continued their decline, in line with the Group’s strategy to gradually refocus on the Group Brands.

Geographically speaking, Asia Pacific posted an excellent performance in the first quarter, thanks to highly robust trends in Greater China, Singapore, and Japan. Growth in the Americas was slowed by anticipated price increases in the beginning of the financial year and will normalize in the following quarters. The end of distribution contracts for Partner Brands weighed on the Europe, Middle East & Africa (EMEA) region and masks a solid underlying performance in Russia, the United Kingdom and Germany.

Sales breakdown by division:

		Pre IFRS 15								Post IFRS 15
		3 months		3 months		Change				3 months
(€ millions)		to 30/06/18		to 30/06/17		Reported		Organic (*)		to 30/06/18
House of Rémy Martin		163.5		156.6		4.4%		11.1%		147.0
Liqueurs & Spirits		57.8		58.6		-1.3%		2.8%		55.3
Subtotal: Group Brands		221.3		215.2		2.8%		8.8%		202.3
Partner Brands		20.2		25.0		-19.2%		-19.7%		20.0
Total		241.5		240.2		0.5%		5.9%		222.2

House of Rémy Martin