Rémy Cointreau: 13.6% Decline in Organic Current Operating Income
Rémy Cointreau reported a 13.6% organic decline in its Current Operating Income (COI) for the first half of fiscal year 2025-26, according to a company statement.
Financial Performance Overview
Rémy Cointreau recorded a consolidated revenue of 489.6 million euros in the first half of 2025-26, marking an organic decline of 4.2%. In reported terms, revenue fell by 8.3%, including a negative currency impact of 4.1%. The Current Operating Income stood at 108.7 million euros, down by 13.6% organically. The gross margin saw an organic contraction of 2.4 points, settling at 68.0%, still higher than that of the 2019-20 fiscal year despite additional customs duties. Marketing and communication investments accounted for 19.4% of the revenue, a level higher than that of 2019-20. The group maintained strict management of structural costs, which decreased by 6.4% organically.
Strategic Investments and Financial Targets
Rémy Cointreau continued its strategy of targeted investments to enhance the desirability of its brands and prepare for recovery. The group confirmed its financial targets for 2025-26, expecting organic revenue growth to be stable to low single digits. Concurrently, the group aims for an organic reduction in COI ranging from low to mid-teens. A significant event was the announcement on October 20, 2025, of Rémy Cointreau's first private placement of a Schuldschein loan totaling 200 million euros, divided into two tranches of three and five years.
Market Challenges and Future Outlook
The market context remains challenging for Rémy Cointreau, particularly due to difficulties in China and the impact of additional customs duties. The group's net income attributable to the company decreased by 31.3% in reported terms to reach 63.1 million euros. CEO Franck Marilly expressed confidence in the group's ability to return to growth in the second half. He identified several levers to enhance the group's agility and performance, including reorganization, rebalancing of commercial resources, and revising the investment model. The group aims to activate value creation levers, including launching innovations and improving price agility.
