Rémy Cointreau raises a cognac to Asia

25 April, 2012

Rémy Cointreau's consolidated turnover for the 2011/12 financial year was €1,026.1 million, an increase of 13% (up 15.6% organically) compared with the previous year.

The company said the fourth quarter recorded a decline “due to the calendar impact of the Chinese New Year”.

All regions of the world contributed to this increase, with double-digit organic growth in the US and Asia.

Remy Martin cognac grew from €486m to €592.5m year on year, in the 12 months to 31/3/12.

A statement from the company said: "This good result was achieved thanks to a continued move upmarket, thus improving the mix, accompanied by price increases – particularly in Asia – and a strong increase in volumes. All regions of the world reported growth, primarily driven by Asia and the US. Key Western European markets also recorded growth. The Russian market remained buoyant."

Jean-Marie Laborde, chief executive officer, said: “This performance confirms the group’s strategic orientation initiated over the past years: a distribution structure, in close proximity to the markets and a growth strategy focused on the premium segment, supported by innovation with strong yet targeted investment behind our brands, in order to reinforce our long-term value strategy.”

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