finanzen.net
24.04.2019 07:30
Bewerten
(0)

Rémy Cointreau: Sales for the Full-Year 2018/19

DRUCKEN

Regulatory News:

Rémy Cointreau (Paris:RCO) generated sales of €1,216.5 million in financial year 2018/19, marking a historic level for the Group. Sales for the year were up 7.9% on a reported basis, and up 7.8% in organic terms (at constant exchange rates and scope).

The Group delivered sustained organic sales growth in the fourth quarter (+7.0%), despite the negative impact of the earlier timing of the Chinese New Year 2019. Adjusted for this factor, organic growth was +8.5% over the last three months of the fiscal year.

Group brands (+9.8%*) achieved another year of robust growth: the attractiveness of the brands of the House of Rémy Martin (+11.9%) translated in remarkable growth across all geographical areas. The Liqueurs & Spirits division had a year of solid growth (+4.0%*), reaping the benefits of its value strategy and the launch of new marketing campaigns, which started to bear fruit in the second half of the year. Partner Brands continued to decline, consistent with the Group’s strategy of gradually refocusing on Group Brands.

Asia-Pacific posted another year of very strong growth, driven by the Group’s entire brand portfolio. The Americas continued their strong momentum, driven by market share gains in the United States. The Europe, Middle East & Africa (EMEA) region was penalized by the end of distribution contracts with Partner Brands, but also benefited from solid performance in the United Kingdom and Russia.

Sales breakdown by division :

    Pre-IFRS 15   Post-IFRS 15
  12 months   12 months   Change   12 months
(€ million)   at 31/03/19   at 31/03/18   Reported   Organic(*)   at 31/03/19
House of Rémy Martin 851.9 760.0 12.1%   11.9% 774.4
Liqueurs & Spirits 276.6 266.8 3.7% 4.0% 264.4
Subtotal : Group Brands 1,128.6 1,026.8 9.9% 9.8% 1,038.8
Partner Brands 87.9 100.2 -12.2% -12.7% 87.2
Total   1,216.5   1,127.0   7.9%   7.8%   1,125.9

House of Rémy Martin
The House of Rémy Martin delivered an excellent year (+11.9% organic growth), due to contributions across all geographical areas. Asia Pacific continued to experience strong growth in both Greater China and Southeast Asia, while the Americas confirmed their strong momentum. Within the EMEA zone, Russia, the United Kingdom, the Middle East, and France all contributed to the House’s performance.

The brand elevation strategy bore fruit in 2018/19, with organic growth of 11.9% comprised of 6% volume growth and a remarkable 6% contribution from price and mix. To achieve that, the brands have once again demonstrated great creativity: Rémy Martin benefited from the global success of its limited edition VSOP Matt. W Moore, the performance of its XO quality, supported by sustained investments, and the opening of new "Rémy Martin Houses” in London, Moscow, Chengdu or Shenzhen. LOUIS XIII continued the expansion of its "100 Years” campaign in partnership with Pharrell Williams by organizing exceptional events in the world’s largest cities. Additionally, since February 2019, the brand has been integrating NFC technology into its decanters ("Smart Decanter”) to offer clients exclusive access to the "LOUIS XIII Society” via their smartphones.

Liqueurs & Spirits
Supported by an excellent fourth quarter, the Liqueurs & Spirits division achieved organic growth of 4.0% in 2018/19.

The House of Cointreau achieved good growth in the full-year: the brand enjoyed a significant improvement during the second half of the year, as the benefits of its "The Art of the Mix” campaign began to come to fruition. After several years of very strong growth, the House of Metaxa recorded a slight decline in 2018/19, due to the brand’s accelerated move upmarket. Investments were thus concentrated on the higher qualities, specifically Metaxa 12 Stars, and the second opus of the campaign "Don’t Drink it, Explore it.” The performance of Mount Gay was also mixed, as the brand is currently in the process of repositioning. The brandy St-Rémy had a good year, driven by the success of its limited edition "St-Rémy French Chardonnay Cask Finish,” the refocus on its XO quality, and the effective digital campaign in Canada. Finally, The Botanist gin continued its strong growth across all geographical areas, and the Whisky division had an excellent year thanks to the new #WeAreIslay marketing campaign and the success of the new Port Charlotte bottle.

Partner Brands
The decline in sales over the fiscal year (-12.7% in organic terms) was due to the termination of new distribution contracts with third-party brands, in line with the Group’s strategy of gradually refocusing on its proprietary brands (Group Brands).

2018/19 outlook
With full-year sales in line with the Group’s forecasts, Rémy Cointreau confirms its guidance of growth in Current Operating Profit for the financial year 2018/19, assuming constant exchange rates and consolidation scope (proforma Pre-IFRS 15, 16, & 9).

Appendices: Sales and organic growth by business

First-quarter 2018/19 sales (April-June 2018)

    Pre-IFRS 15   Post-IFRS 15
€m   Reported

18-19

  Forex effect

18-19

  Organic

18-19 (*)

  Reported

17-18

 

Reported
change

 

Organic (*)
Change

  Reported

18-19

    A       B   C   A/C-1   B/C-1    
House of Rémy Martin 163.5 -10.5 174.0 156.6 4.4% 11.1% 147.0
Liqueurs & Spirits 57.8 -2.4 60.3 58.6 -1.3% 2.8% 55.3
Subtotal: Group Brands 221.3 -12.9 234.3 215.2 2.8% 8.8% 202.3
Partner Brands 20.2 0.1 20.1 25.0 -19.2% -19.7% 20.0
Total   241.5   -12.8   254.4   240.2   0.5%   5.9%   222.2

Second-quarter 2018/19 sales (July-September 2018)

    Pre-IFRS 15   Post-IFRS 15
€m   Reported

18-19

  Forex effect

18-19

  Organic

18-19 (*)

  Reported

17-18

 

Reported
change

 

Organic (*)
Change

  Reported

18-19

    A       B   C   A/C-1   B/C-1    
House of Rémy Martin 234.5 -1.5 236.0 210.3 11.5% 12.2% 212.6
Liqueurs & Spirits 69.2 -0.7 69.9 70.6 -1.9% -0.9% 66.6
Subtotal: Group Brands 303.7 -2.1 305.9 280.9 8.1% 8.9% 279.3
Partner Brands 26.1 0.1 26.0 23.2 12.3% 11.8% 25.5
Total   329.8   -2.0   331.8   304.1   8.5%   9.1%   304.7

First-half 2018/19 sales (April-September 2018)

    Pre-IFRS 15   Post-IFRS 15
€m   Reported

18-19

  Forex effect

18-19

  Organic

18-19 (*)

  Reported

17-18

 

Reported
change

 

Organic (*)
Change

  Reported

18-19

    A       B   C   A/C-1   B/C-1    
House of Rémy Martin 398.0 -12.0 410.0 367.0 8.5% 11.7% 359.6
Liqueurs & Spirits 127.1 -3.1 130.2 129.2 -1.6% 0.8% 121.9
Subtotal: Group Brands 525.1 -15.1 540.1 496.1 5.8% 8.9% 481.5
Partner Brands 46.3 0.2 46.1 48.2 -4.0% -4.5% 45.5
Total   571.4   -14.8   586.2   544.4   5.0%   7.7%   527.0

Third-quarter 2018/19 sales (October-December 2018)

    Pre-IFRS 15   Post-IFRS 15
€m   Reported

18-19

  Forex effect

18-19

  Organic

18-19 (*)

  Reported

17-18

 

Reported
change

 

Organic (*)
Change

  Reported

18-19

    A       B   C   A/C-1   B/C-1    
House of Rémy Martin 244.8 2.5 242.3 209.6 16.8% 15.6% 222.4
Liqueurs & Spirits 79.0 0.1 78.8 75.1 5.2% 5.0% 74.8
Subtotal: Group Brands 323.8 2.7 321.1 284.7 13.7% 12.8% 297.2
Partner Brands 24.3 0.1 24.2 33.0 -26.5% -26.8% 24.3
Total   348.0   2.7   345.3   317.7   9.5%   8.7%   321.5

Nine-month sales 2018/19 (April-December 2018)

    Pre-IFRS 15   Post-IFRS 15
€m   Reported

18-19

  Forex effect

18-19

  Organic

18-19 (*)

  Reported

17-18

 

Reported
change

 

Organic (*)
Change

  Reported

18-19

    A       B   C   A/C-1   B/C-1    
House of Rémy Martin 642.8 -9.5 652.3 576.6 11.5% 13.1% 582.0
Liqueurs & Spirits 206.0 -3.0 209.0 204.2 0.9% 2.3% 196.7
Subtotal: Group Brands 848.8 -12.4 861.3 780.8 8.7% 10.3% 778.7
Partner Brands 70.6 0.3 70.3 81.3 -13.2% -13.6% 69.8
Total   919.4   -12.1   931.5   862.1   6.7%   8.1%   848.5

Fourth-quarter 2018/19 sales (January-March 2019)

    Pre-IFRS 15   Post-IFRS 15
€m   Reported

18-19

  Forex effect

18-19

  Organic

18-19 (*)

  Reported

17-18

 

Reported
change

 

Organic (*)
Change

  Reported

18-19

    A  

 

  B   C   A/C-1   B/C-1    
House of Rémy Martin 209.1 11.2 197.9 183.5 14.0% 7.9% 192.4
Liqueurs & Spirits 70.6 2.2 68.4 62.5 12.9% 9.3% 67.7
Subtotal: Group Brands 279.7 13.4 266.3 246.0 13.7% 8.2% 260.0
Partner Brands 17.4 0.1 17.3 18.9 -8.1% -8.8% 17.4
Total   297.1   13.6   283.5   264.9   12.1%   7.0%   277.4

Full-Year sales 2018/19 (April 2018-March 2019)

    Pre-IFRS 15   Post-IFRS 15
€m   Reported

18-19

  Forex effect

18-19

  Organic

18-19 (*)

  Reported

17-18

 

Reported
change

 

Organic (*)
Change

  Reported

18-19

    A       B   C   A/C-1   B/C-1    
House of Rémy Martin 851.9 1.8 850.2 760.0 12.1% 11.9% 774.4
Liqueurs & Spirits 276.6 -0.7 277.4 266.8 3.7% 4.0% 264.4
Subtotal: Group Brands 1,128.6 1.0 1,127.5 1,026.8 9.9% 9.8% 1,038.8
Partner Brands 87.9 0.4 87.5 100.2 -12.2% -12.7% 87.2
Total   1,216.5   1.5   1,215.0   1,127.0   7.9%   7.8%   1,125.9

Definitions of alternative performance indicators

Rémy Cointreau's management process is based on the following alternative performance indicators, chosen for planning and reporting. The Group management considers that these indicators provide financial statement users with useful additional information for understanding the Group's performance. These alternative performance indicators should be considered as supplementing those included in the consolidated financial statements and the resulting movements.

Starting on April 1st 2018, the Rémy Cointreau Group applied the standard "IFRS 15 – Revenue from Contracts with Customers.” For the transition, the Group did not opt for retrospective application. Thus, the comparative period has not been restated and organic growth is calculated using turnover which excludes the impact of IFRS 15. The main effect of this standard is the reclassification of some SG&A costs (notably some promotional expenses) in deduction of net sales. Its estimated impact on the full-year is a reduction in net sales amounting to 8% and an accretive effect of about 1.5 points on the Current Operating Margin.

Organic sales growth
Organic growth is calculated excluding the impacts of variations in exchange rates as well as acquisitions and disposals.

The impact of exchange rates is calculated by converting sales for the current financial year into the exchange rate of the previous financial year.

For acquisitions in the current financial year, the sales of the acquired entity are not included in organic growth calculations. For acquisitions in the previous financial year, the sales of the acquired entity are included in the previous financial year but are only included in organic growth calculations for the current year starting from the anniversary date of the acquisition.

For significant disposals, we use data following the application of IFRS 5, which systematically reclassifies the sales of the sold entity in "Net profit from activities sold or to be sold" for the current and previous financial year.

This indicator serves to focus on Group performance common to both financial years, which local management is more directly capable of influencing.

(*) Organic growth is calculated assuming constant exchange rates and consolidation scope

Nachrichten zu Remy Cointreau S.A.

  • Relevant
  • Alle
  • vom Unternehmen
  • Peer Group
  • ?

Um Ihnen die Übersicht über die große Anzahl an Nachrichten, die jeden Tag für ein Unternehmen erscheinen, etwas zu erleichtern, haben wir den Nachrichtenfeed in folgende Kategorien aufgeteilt:

Relevant: Nachrichten von ausgesuchten Quellen, die sich im Speziellen mit diesem Unternehmen befassen

Alle: Alle Nachrichten, die dieses Unternehmen betreffen. Z.B. auch Marktberichte die außerdem auch andere Unternehmen betreffen

vom Unternehmen: Nachrichten und Adhoc-Meldungen, die vom Unternehmen selbst veröffentlicht werden

Peer Group: Nachrichten von Unternehmen, die zur Peer Group gehören

Analysen zu Remy Cointreau S.A.

  • Alle
  • Buy
  • Hold
  • Sell
  • ?
28.06.2013Remy Cointreau haltenCitigroup Corp.
12.04.2013Remy Cointreau haltenJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
11.04.2013Remy Cointreau kaufenGoldman Sachs Group Inc.
11.04.2013Remy Cointreau haltenBarclays Capital
09.04.2013Remy Cointreau verkaufenNomura
11.04.2013Remy Cointreau kaufenGoldman Sachs Group Inc.
24.11.2011Remy Cointreau overweightBarclays Capital
24.11.2011Remy Cointreau buySociété Générale Group S.A. (SG)
21.10.2011Remy Cointreau buySociété Générale Group S.A. (SG)
14.10.2011Remy Cointreau buySociété Générale Group S.A. (SG)
28.06.2013Remy Cointreau haltenCitigroup Corp.
12.04.2013Remy Cointreau haltenJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
11.04.2013Remy Cointreau haltenBarclays Capital
30.11.2012Remy Cointreau holdDeutsche Bank AG
29.11.2012Remy Cointreau neutralNomura
09.04.2013Remy Cointreau verkaufenNomura
08.02.2013Remy Cointreau verkaufenDeutsche Bank AG
29.11.2012Remy Cointreau sellSociété Générale Group S.A. (SG)
23.11.2012Remy Cointreau sellSociété Générale Group S.A. (SG)
19.10.2012Remy Cointreau sellSociété Générale Group S.A. (SG)

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Remy Cointreau S.A. nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"

Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"

Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"
mehr Analysen

Meistgelesene Remy Cointreau News

24.04.19Remy Cointreau sieht sich auf Kurs
Weitere Remy Cointreau News
Anzeige
Anzeige
Börse Stuttgart Anlegerclub

Die richtige Strategie für die Börsenkrise

Stecken Sie nicht den Sand in den Kopf, sondern kaufen Sie die richtigen Aktien. Erfahren Sie im aktuellen Anlegermagazin mehr über attraktive Qualitätsaktien und zyklische Aktien
Kostenfrei registrieren und lesen!

Heute im Fokus

DAX schließt klar im Plus -- Morgan Stanley setzt Tesla unter Druck -- Ceconomy: Umbaukosten belasten -- Daimler will wohl massiv bei Verwaltung sparen -- EVOTEC, LEONI, Siemens im Fokus

Pfund gewinnt stark nach Spekulationen über zweites Referendum. thyssenkrupp-Aufsichtsrat genehmigt Neuausrichtung einstimmig. Restaurantkette von Starkoch Jamie Oliver ist insolvent. adidas-Aktie geht nach kurzer Pause wieder auf Rekordjagd. OECD senkt globale Wachstumsprognose.

Die 5 beliebtesten Top-Rankings

Diese Aktien hat Warren Buffett im Depot
Die Änderungen unter den Top-Positionen
Die erfolgreichsten Kinofilme der letzten 25 Jahre
Welche Titel knackten die Milliardenmarke an den Kinokassen?
In diesen Berufen bekommt man das höchste Gehalt
Mit welchem Beruf kommt man am ehesten an die Spitze?
Städte für Millionäre
Hier fühlen sich die Vermögenden am wohlsten
In diesen Ländern ist Netflix am billigsten
Wo zahlen Abonnenten am wenigsten?
mehr Top Rankings

Umfrage

Die rechtspopulistische FPÖ in Österreich hat für einen Skandal gesorgt. Wie glauben Sie wird sich das auf die Europawahlen auswirken?

Online Brokerage über finanzen.net

finanzen.net Brokerage
Handeln Sie für nur 5 Euro Orderprovision* pro Trade aus der Informationswelt von finanzen.net!

ETF-Sparplan

Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
Zur klassischen Ansicht wechseln
Kontakt - Impressum - Werben - Pressemehr anzeigen
Top News
Beliebte Suchen
DAX 30
Öl
Euro US-Dollar
Bitcoin
Goldpreis
Meistgesucht
Wirecard AG747206
Huawei TechnologiesHWEI11
Daimler AG710000
TeslaA1CX3T
Deutsche Bank AG514000
BayerBAY001
CommerzbankCBK100
Amazon906866
BASFBASF11
Apple Inc.865985
NEL ASAA0B733
Deutsche Telekom AG555750
Infineon AG623100
Allianz840400
EVOTEC SE566480