FX.co ★ Rémy Cointreau 9-month Sales Down 17.8% On Organic Basis; Confirms FY Guidance At Lower End Of Range

Rémy Cointreau (RCO.PA) has announced that its sales for the first nine months of the 2024-25 fiscal year totaled 787.8 million euros, reflecting a 17.8% decline on an organic basis and a 17.7% decrease on a reported basis. In the third quarter alone, there was an organic sales decline of 21.5%, or 20.6% as reported. For the full fiscal year 2024-25, Rémy Cointreau anticipates an organic sales dip of between 15% and 18%, with its current operating margin expected to range from 21% to 22% organically. Based on sales figures from the initial nine months, the company foresees its full-year results trending towards the lower end of this range, nearing an 18% organic decline.

Rémy Cointreau has reaffirmed its financial targets for the 2029-30 period, aiming for a gross margin of 72% and a current operating margin of 33%, based on the consolidated scope and exchange rates of 2019-20.