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Rémy Cointreau  generated consolidated sales of EUR1,304.7 million in the first nine months of 2022-2023, up +10.1% on an organic basis (+50.3% compared to 2019-2020). Sales rose 20.2% on a reported basis, including a robust 10.1% gain from the currency effect. Given the normalization of cognac consumption in the United States and a high basis for comparison on the heels of two years of exceptionally strong growth, third-quarter sales fell back as expected by 6.0% on an organic basis, and by -0.7% as reported. This represents a +42.9% rise compared to the third quarter of 2019-2020.

Against this backdrop, the Cognac division saw sales retreat -11.0% in in the third quarter, reflecting the combined impact of an unfavorable trend in the United States and a very steep rise in shipments to China. The Liqueurs & Spirits division reported +10.1% growth driven by very good showings for Cointreau and for Bruichladdich whiskies.

In the Americas, sales recorded a strong decrease in the third quarter, while in APAC they rose vigorously, buoyed by developments in China and continued recovery in Travel Retail and the rest of Asia. The EMEA region was down slightly, affected by phasing effects in continental Europe. Both the United Kingdom and the Benelux generated strong performances.