Rémy Cointreau has announced sales of 956.6 million euros for the first nine months of its 2023-24 fiscal year, down 26.7% on a reported basis and 22.7% organically (i.e. +16.7% on the first nine months of 2019-20).

"This performance includes a 23.5% organic decline in the third quarter of 2023-24, representing a 9.1% organic increase on the third quarter of 2019-20," says the wine and spirits house.

For 2023-24, Rémy Cointreau anticipates a decline in sales at the lower end of the range (close to -20% in organic terms) and 'a controlled decline in recurring operating margin in organic terms' thanks to a major cost-cutting plan.

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