Remy Cointreau returns to growth in Q3, shares spark

29th Jan 2026 12:07

(Sharecast News) - Remy Cointreau saw sales return to growth in the third quarter, the French cognac and liqueurs maker confirmed on Thursday, as robust demand in the US helped offset disappointing trading in China.

Organic sales rose 2.8% in the three months to December end to €261.1m, a notable improvement on the second quarter's 11% slide.

Paris-based Remy Cointreau said it had seen "solid" sales growth in the Americas, with Europe, the Middle East and Africa returning to growth. That helped offset a "slight" decline in Asia, which was dragged lower by falling sales in China. Market conditions in the country were "challenging", Remy Cointreau said.

However, despite that the group - which as well as Remy Martin and Cointreau owns Greek spirit Metaxa and Mount Gay rum - reiterated full-year guidance. Organic sales growth was predicted to be between stable and low-single digits, with current operating profits declining by between low double digits and mid-teens.

New chief executive Franck Marilly, who was appointed in June, has pledged to turn the iconic drinks brand around.

Remy Cointreau said on Thursday: "The transformation plan announced at the end of November entered its execution phase in early 2026, with the launch of an in-depth diagnostic conducted with the support of an external consultant.

"This major initiative, set to run until April, will enable the group to define and prioritise value creation levers before deploying them starting in the first quarter of 2026/27."

As at noon GMT, the Paris-listed stock was up 4%.