Drinks group Remy Cointreau raises guidance after H1 profit beat

drinks group remy cointreau raises guidance after h1 profit beat

Sumary of Drinks group Remy Cointreau raises guidance after H1 profit beat:

  • PARIS (Reuters) – Remy Cointreau raised its full year profit outlook after reporting a stronger-than-expected 104.5% organic jump in first-half operating profit, driven by strong demand for its premium cognac in China, the United States and Europe.
  • Regarding its 2021/22 financial full year, the maker of Remy Martin cognac and Cointreau liqueur said it now expected “very strong” organic growth in its current operating profit.
  • Operating profit at the Remy Martin cognac division, which makes nearly 90% of group profit, totalled 188.1 million euros in the first half, marking an organic rise of 101.9%.

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