For Remy, “Quarter Volatility is the Name of the Game”

Dear Client:After finishing its last fiscal year strong, Remy Cointreau reported a slow start to its new fiscal year thanks to phasing effects from recent price increases. Organic sales growth was down 3% globally for the first quarter ended June. However, the weak Q1 performance was expected, according to cfo Luca Marotta, and the company projects growth will accelerate in Q2. "The key message here is that quarter volatility is the name of the game for a group like Remy Cointreau," Luca