Bols purchase boosts Remy results

- Last updated on GMT

Related tags: Generally accepted accounting principles, Revenue

Remy Cointreau, the French spirits group, reported on Thursday a
rise of 8.1 per cent in its revenues for its 2001 fiscal year,
helped by the purchase...

Remy Cointreau, the French spirits group, reported on Thursday a rise of 8.1 per cent in its revenues for its 2001 fiscal year, helped by the purchase of Bols of the Netherlands, the Financial Times reports. Remy​ said it had sales of E983.4m ($869.5m) for the year ended on March 31, compared with E909.3m a year earlier. The French company also indicated that its earnings per share rose more than 40 per cent last year to "slightly above" E2 per share, without giving precise figures. The results include a six-month contribution from Bols, which it acquired for E510m last August. The company's flagship cognac products registered an increase of 22 per cent in sales last year, boosted by higher prices. In volume terms, sales rose 8 per cent. Source:Financial Times

Related topics: Market Trends

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