The Rémy Cointreau group, at the helm of Rémy Martin cognac, The Botanist gin and Cointreau liqueur, saw its sales almost double in the first quarter of its faltering financial year, outpacing its performance before the Covid-19 pandemic.
From April to June, the spirits group generated 293.1 million euros in sales, up 95.3% over one year, according to a statement on Tuesday. Last spring, the health crisis caused a drop in demand, due to the closure of bars and restaurants, as well as shops at airports.
In constant currencies and oceans, volume jumped 105% over one year, and 36.5% compared to the first quarter of 2019/2020, before the onset of Covid-19. This regression isBy continuing excellent momentum in the United States and Greater China, as well as clear improvementIn the EMEA regionThanks to the gradual reopening» Bars and restaurants, says the company.
For the entire 2021/2022 fiscal year, Remy Cointreau”Emphasizes its confidence in its ability to + outperform the + exceptional spirits sector“. the group “It expects in particular an excellent first half year backed by a very favorable basis for comparison, lag effects for its shipments and structurally more prosperous new consumer trends in the US‘, you reported.
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