Breaking News

Tweet TWEET

Rémy Cointreau: Sales for the Nine Months April – December 2012

  Rémy Cointreau: Sales for the Nine Months April – December 2012

                               Continued growth

Business Wire

PARIS -- January 17, 2013

RegulatoryNews:

Rémy Cointreau’s (Paris:RCO) sales for the nine months of the current
financial year increased by 17.5% to €964.4 million (7.9% organic growth), on
the back of already very strong growth in 2011 (22.9% organic growth). Group
brands reported growth of 20.6% in published data (10.0% organic growth).

As previously indicated, weaker growth was reported for the third quarter due
to the later date of the Chinese New Year, resulting in a technical decrease
in shipments. Nevertheless, the Group’s own brands grew during this third
quarter.

Divisional analysis:

                                               
(€ millions)            9 months to  9 months to  % Change
                       30.12.12     30.12.11     Published  Organic*
Rémy Martin             589.5        475.5        +24.0      +12.4
Liqueurs & Spirits      184.1        166.0        +10.9      +3.2
Sub-total Group brands  773.6        641.5        +20.6      +10.0
Partner brands          190.8        179.5        +6.3       +0.2
Total                   964.4        821.0        +17.5      +7.9

*On a like-for-like basis

Rémy Martin - The cumulative organic growth was 12.4% for the first nine
months of the financial year. This growth was affected by the later date of
the Chinese New Year. However, the US continued to deliver very strong
results, as did Asia, which continues to grow, primarily in premium cognac.
Sales in Europe remained buoyed by Russia and increased, together with some
Western European countries.

Liqueurs & Spirits - Sales throughout the division grew by 3.2% organically
during the first nine months of the year with, in particular, strong gains by
Cointreau in the US but also in Europe and Asia. Metaxa reported growth,
mainly in its markets with potential for growth, but the brand remained
affected by the economic situation in Greece.

Bruichladdich has been included in the Liqueurs & Spirits division since 1
September 2012.

Partner Brands - The distribution of Scotch whiskies in the US continued to
show remarkable growth, whereas the Champagne business was adversely affected
by weak consumer spending in Europe during the third quarter.

The US Dollar/Euro exchange rate remained favourable for the Group.

On 18 December 2012, Rémy Cointreau announced that it had signed an agreement
to acquire the entire share capital of the cognac company, Larsen.

As announced at the end of November 2012, Rémy Cointreau also confirms its
objective of significantly increasing its full-year earnings.

Rémy Cointreau will announce its 12 months sales on 18 April 2013.

                                    -ENDS-

Appendix: Divisional and quarterly analysis and organic growth

                                                                      APPENDIX

Rémy Cointreau – Analysis of sales by division and quarter and by organic
growth

2012/13 Financial Year
                                                    
(€ millions)    Rémy Martin  Liqueurs &  Partner Brand  Total
                               Spirits
First quarter   173.8        50.3        47.6           271.7
Second quarter   202.3         63.0         58.8            324.1
Third quarter   213.4        70.9        84.3           368.6
Total sales     589.5        184.1       190.8          964.4
                                                            
                                                            
2011/12 Financial Year
                                                    
(€ millions)    Rémy Martin  Liqueurs &  Partner Brand  Total
                               Spirits
First quarter    112.0         44.5         42.1            198.6
Second quarter   165.4         58.6         52.3            276.3
Third quarter   198.1        62.9        85.1           346.1
Total sales     475.5        166.0       179.5          821.0
                                                            
                                                            
2012/13 vs 2011/12
                                                    
Organic growth  Rémy Martin  Liqueurs &  Partner Brand  Total
                               Spirits
First quarter    37.8%         8.5%         5.4%            24.4%
Second quarter   8.0%          -0.4%        3.1%            5.3%
Third quarter   1.7%         2.9%        -4.2%          0.5%
Total sales     12.4%        3.2%        0.2%           7.9%

Contact:

For further information:
Rémy Cointreau
Analysts:
Frédéric Pflanz, 00 33 1 44 13 44 34
or
Press:
Joëlle Jézéquel, 00 33 1 44 13 45 15
Caroline Sturdy, 07775 568 500
 
Press spacebar to pause and continue. Press esc to stop.