Rémy Cointreau takes up his annual result of result after the agreement in China – 07/25/2025 at 14:14

( GETTY IMAGES NORTH AMERICA / MARIO TAMA )

A little better but a context always difficult: the group of spirits Rémy Cointreau announced on Friday to raise its annual objective of result, whose decline should be less marked than expected after the agreement found in early July on the prices of Cognac in China.

However. Similarly, the parent company of Cognac Rémy Martin and the Liqueur Cointreau still notes “difficult market conditions” in this country, and anticipates stronger impacts than expected linked to the trade conflict with the United States, as well as foreign exchange effects marked because of the Euro strength. Similarly,

On its offbeat exercise 2025-26. rémy cointreau takes up his For example, the current operating profit should back up a few points (less than 10%) excluding exchange and perimeter variations, said the company, which previously provided a drop that could approach 20%. In addition,

After the signing of an agreement with Beijing on minimum price commitments. However, in view of the latest statements by US President Donald Trump, Rémy Cointreau, particularly dependent on Cognac, revised downward the total net impact of these two customs conflicts, now estimated at 45 million euros against 65 million previously. Therefore,

This calculation includes cost reduction measures (on logistics, marketing) and price increases in China. However,

The net impact on the result is now 10 million in China, and no longer 40 million. Meanwhile,

On the other hand. For example, the French group now envisages 35 million net impact from the United States, and no longer 25, rémy cointreau takes up his while Donald Trump threatens the EU to raise its customs duties from 10 to 30% on August 1.

– Reopening Chinese duty -free –

Shortly before 1 p.m., the Rémy Cointreau action gained 6.3% on the Paris Stock Exchange, on a globally sluggish market.

In the first quarter, its turnover increased by 1.8% to 220.8 million dollars, beyond the expectations of analysts collected by Factst.

This increase in income was supported by a “very strong growth” of cognac sales in the United States (with a favorable comparison base over a year. when the American wholesalers destock).

Rémy Cointreau also observes “a limited decline in cognac sales in China”. where market conditions remain difficult and the duty free is always inaccessible for European wine life on the background of conflict with the EU on the taxation of Chinese electric cars.

rémy cointreau takes up his

Financial director Luca Marotta spoke on Friday an official release acted on the Duty Free. The group’s annual forecasts do not include their closure at this time beyond summer.

“Today the situation seems to improve. officially it opens, but in fact there is a difference between the official declaration and the specific operations,” he said during an exchange with analysts.

The performance of the first quarter is however penalized by the force of the euro. which has won 13% on the dollar since the beginning of the year, a factor which weighs on the results of European companies when they convert their sales to export.

Rémy Cointreau estimates between 50. 60 million euros for the year the impact of currencies on its turnover (against 30-35 million before). On the current operating profit, it would be 15 to 20 million euros.

The rémy cointreau takes up his group anticipates a return to organic growth of its turnover in the second half. mainly carried by the “strong rebound +technical +” of sales in the United States.

Due to the “lack of persistent macroeconomic visibility”. Rémy Cointreau, on the other hand, withdrew his 2029-30 objectives, announced in 2020.

In this moving context. he said on Friday that he would take advantage of the expected improvement in China to invest, especially in this country.

To diversify its customers. he plans to launch in September the Cognac Rémy Martin VS in South Africa and Nigeria, targeting 25-35 year olds.

Finally. he announced an acquisition of equity to the capital of JNPR, a young French brand of alcohol -free spirits, taking advantage of the rise of non -alcoholic drinks.

In this general context, all marks of spirits suffer. LVMH reported a decline rémy cointreau takes up his of 8% on Thursday in the first half of its sales of wines and spirits.