Rémy Cointreau has announced sales of over 1.19 billion euros for 2023-24, down 22.9% on a reported basis and 19.2% organically on the previous year (or +16.2% on 2019-20).

"This performance includes virtually stable organic sales growth (-0.7%) in the fourth quarter of 2023-24, representing organic growth of +14.3% compared with the fourth quarter of 2019-20", says the cognac and spirits house.

Rémy Cointreau confirms that, for 2023-24, it anticipates a 'controlled decline in its current operating margin in organic terms' thanks to the implementation of a major cost-cutting plan estimated at around 100 million euros this year.

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