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Cointreau pricing policy produces results

Rémy Cointreau has reported sales of €595.8m for the six months to 30 September 2012, reflecting organic growth of 13.3%. Operating profit was €141.5m, up 33.2% (18.0% organic growth) with an operating margin of 23.7%, also an increase on the same period last year.

This six months performance was due to strong business momentum in all regions of the world. The Group once again achieved remarkable growth in Asia and the US and, to a lesser extent, in Europe. Rémy Cointreau continued its long-term value strategy by maintaining a consistent pricing policy and moving its products upmarket at a more rapid pace, with targeted investment to support its brands.

27 November 2012 - Felicity Murray