Rémy Cointreau continues to face a difficult period in 2024-2025, marked by a significant drop in sales, due in particular to uncertain conditions in its main markets, the USA and China.
The French spirits group announced that its full-year sales had fallen by 17.8% organically (-17.7% reported), at the lower end of its initial forecast range of between 15% and 18%. This estimate reflects the poor performance of third-quarter sales, which fell organically by 21.5% year-on-year (-20.6% reported) to 254.1 million euros.
Cognac in difficulty
The main driver of this decline remains the cognac segment, which accounts for almost two-thirds of the Group’s revenues : cognac sales fell by 22% in the third quarter, due to the current fragility of the Chinese market. Cautious distributors and anti-dumping measures imposed by Beijing have had a severe impact on European imports. However, performance in South-East Asia remains encouraging.
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Read also > Rémy Cointreau revises downwards its 2024-2025 performance
Featured photo: © Rémy Cointreau
