France. Rémy Martin meets 2018 sales objectives driven by strong sales in China

The financial objectives of the French group Rémy Martin are gradually being met in 2018. Rémy Martin Group Chief Financial Officer Luca Marotta added in an official press release that the group generated very strong double-digit growth between April and June of this year in China.

Rémy Martin’s sales are mainly driven by a robust performance of cognac in the Asian country, where consumers are increasingly looking for high quality products that Rémy Martin is able to offer. In fact, there has been an 18.3% jump in organic growth linked to the Chinese New Year calendar.

Sales of the group as a whole, which also owns Mount Gay rum or Cointreau liqueur, reached 241.5 million euros and organic growth reached 5.9% between April and June (after +12.8% in the previous three months), exceeding the 5.3% expected by analysts.

 

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