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French drinks group Rémy Cointreau noticed natural gross sales improve by 52% within the first half of its 2021 fiscal 12 months, boosted by ‘buoyant demand’ for Cognac.
The corporate’s gross sales rose to €645.3 million (US$751m) for the six months to 30 September 2021.
Rémy Cointreau’s second quarter natural gross sales grew by 23.7%, forward of the corporate’s expectations. The expansion was attributable to a ‘very sturdy development’ in China and the US, and ‘stable momentum’ in Europe.
For the primary quarter, the corporate recorded an organic sales increase of 105%, with triple-digit development for Cognac.
Cognac gross sales rose by 26.9% within the second quarter, boosted by a ‘very sturdy’ efficiency in China.
The liqueur and spirits division elevated by 16.5% in Q2. Within the US, the division was boosted by Cointreau liqueur, ‘promising outcomes’ from the launch of St-Rémy Signature brandy and the recognition of The Botanist gin within the on-trade.
Moreover, the corporate’s whisky portfolio carried out properly in China because of demand for single malt from youthful drinkers.
Rémy Cointreau mentioned all areas contributed to development for the primary half of the 12 months. The Americas area rose by 60.2% in H1, pushed by ‘resilient’ at-home consumption and the restoration of the US on-trade.
The APAC (Asia Pacific) area elevated by 49.3% throughout the six-month interval, whereas the EMEA (Europe, Center East and Africa) area rose by 33.5%.
Trying forward, the corporate mentioned it expects ‘sturdy’ working revenue development for the total 12 months. The group will improve its funding in communication this 12 months to assist manufacturers get well and develop within the medium time period.