2022/2023 OUTLOOK
Ideally positioned to take advantage of new consumption trends and on the strength of progress against its strategic plan, Rémy Cointreau is starting financial year 2022/2023 with confidence.
The Group intends to continue implementing its strategy focused on medium term brand development and underpinned by a policy of sustained investment in marketing and communications. The Group reaffirms its desire to continue to win market share in the exceptional spirits sector and anticipates another year of strong growth. In particular, Rémy Cointreau is forecasting strong first-quarter sales despite a very high base effect and the impact of the Covid-19 pandemic in China.
Helped by excellent pricing power, the improvement in the Current Operating Margin will be driven by the solid resilience of the Group’s gross margin despite the inflationary environment and by strict control over overhead costs.
For the full year, the Group expects currency effects to be positive for Current Operating Profit, which it forecasts should be in the range of €30-40 million.