US EditionCognac Maker Remy Cointreau Lifts Guidance After China Deal
CHARENTE, NOUVELLE-AQUITAINE, JUL 25 – Remy Cointreau raised its profit forecast after EU-China cognac deal cut losses from 50 million to 10 million euros, despite increased US tariffs and currency challenges.
- On July 26, 2025, Remy Cointreau, the French spirits producer, updated its outlook by increasing expected full-year profits following its first quarterly sales growth since early 2023.
- Following a July agreement that reduced the sharp Chinese tariffs enforced since October 2024, the company now anticipates its full-year operating profit will decline by a rate in the mid- to high-single digits, an improvement from the larger decrease in the mid- to high-teens it had earlier projected.
- Remy makes about 70% of its sales from cognac, mainly in the US and China, and faces increased tariff impacts from US levies raised to €35 million, despite a reduction in Chinese duty effects from €40 million to €10 million.
- Shares rose roughly 4% as trading opened in Paris, with fund manager Charles de Riedmatten noting that after a couple of years of slowdown, there are signs of a positive turnaround, although uncertainties persist regarding demand and the new CEO’s ability to lead.
- Remy expects a mid-single-digit sales growth excluding currency effects for 2025-2026 but anticipates negative currency impacts of €50-60 million, indicating cautious optimism amid persistent challenges in key markets.
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The Killeen Daily Herald+28 Reposted by 28 other sources
Cognac maker Remy Cointreau lifts guidance after China deal
French drinks group Remy Cointreau lifted Friday its outlook for the year after a deal between the EU and China on cognac imports, but now expects a stiffer impact from US levies and the strong euro.
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Leaning Left4Leaning Right1Center10Last UpdatedBias Distribution67% Center
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C 67%
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