{"id":71316,"date":"2021-10-22T10:28:44","date_gmt":"2021-10-22T08:28:44","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=71316"},"modified":"2021-10-22T12:32:06","modified_gmt":"2021-10-22T10:32:06","slug":"remy-cointreau-posts-better-than-expected-q2-results","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/remy-cointreau-posts-better-than-expected-q2-results\/","title":{"rendered":"R\u00e9my Cointreau posts better than expected Q2 results"},"content":{"rendered":"<h4>This Friday, the financial results were released for the <a href=\"https:\/\/www.remy-cointreau.com\/fr\/\">R\u00e9my Cointreau<\/a> spirits group. Despite a still unstable context linked to the Covid-19 pandemic, the group&#8217;s sales exceeded expectations and showed exceptional growth in the second quarter.<\/h4>\n<h4><!--more--><\/h4>\n<p>&nbsp;<\/p>\n<p><strong>R\u00e9my Cointreau<\/strong>&#8216;s sales increased by <strong>23.7%<\/strong>, exceeding analysts&#8217; forecasts in the second quarter. Sales for the three months to 30 September 2021 reached <strong>352.2 million euros<\/strong>, whereas analysts were forecasting growth of <strong>20.8%<\/strong> in reality.<\/p>\n<p>&nbsp;<\/p>\n<p>These exceptional results are being driven by increased demand for cognac in the <strong>US<\/strong>, <strong>China<\/strong> and <strong>European<\/strong> markets. Indeed, <strong>cognac<\/strong> sales amounted to <strong>265 million euros<\/strong>, marking an increase of <strong>26.9%<\/strong> on a like-for-like basis.<\/p>\n<p>&nbsp;<\/p>\n<p>In the first half of the year, R\u00e9my Cointreau&#8217;s sales increased by <strong>52%<\/strong> on a like-for-like basis, with a <strong>55.2%<\/strong> increase for <strong>cognac<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>In a press release, <strong>R\u00e9my Cointreau<\/strong> said it was <em>&#8220;confident in its ability to outperform the exceptional spirits market and expects strong sales growth, driven mainly by first half performance&#8221;.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>These very positive results can be explained by the relaxation of measures related to the global pandemic and the reopening of restaurants and bars in the <strong>United States<\/strong> and <strong>Europe<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>Read also &gt;\u00a0<a href=\"https:\/\/luxus-plus.com\/en\/strong-demand-in-china-and-the-us-boosts-pernod-ricards-sales-forecast\/\">STRONG DEMAND IN CHINA AND THE US BOOSTS PERNOD RICARD\u2019S SALES FORECAST<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Featured photo : \u00a9 Marius W.Hansen<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This Friday, the financial results were released for the R\u00e9my Cointreau spirits group. Despite a still unstable context linked to the Covid-19 pandemic, the group&#8217;s sales exceeded expectations and showed exceptional growth in the second quarter.<\/p>\n","protected":false},"author":1,"featured_media":71322,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"This Friday, the financial results were released for the R\u00e9my Cointreau spirits group. 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