Remy Cointreau (RMC.SG)
- Bloomberg
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- Business Wire
Rémy Cointreau Successfully Renews and Increases Its Syndicated Credit Line to €180 Million
PARIS, April 02, 2024--Regulatory News: Rémy Cointreau (Paris:RCO) announces the successful renewal of its Revolving Credit Facility for an amount increased to €180 million and a maturity of 5 years (March 2029), with two one-year extension options, subject to approval by the lenders.
- Reuters
Remy's shares soar on signs of US, China improvement
The maker of Remy Martin cognac and Cointreau liquor also reported third quarter sales that were largely in line with expectations and held its full-year guidance, though said its annual sales would be at the lower end of its 15% to 20% range. Inventory levels remained little changed right now but would normalise some time in the next financial year, chief financial officer Luca Marotta said. In China, "sharp destocking" ahead of Chinese New Year in February was temporary, Marotta said, with inventories expected to be at a healthy level after the celebration.
