Wedoany.com Report-Dec.1, Rémy Cointreau, a global alcohol manufacturer, reported an 8.3% drop in sales to approximately £428 million for the first half of the 2025/26 fiscal year. The company's operating profit declined by 26.2% on an organic basis, reaching around £95 million. This decrease was attributed to reduced sales and gross margins, which were impacted by higher duties and an unfavorable price mix.

The company's overall net profit fell by 31.3%, amounting to about £55 million. The decline was primarily driven by lower sales and increased investment in marketing and communications.

Franck Marilly, CEO of Rémy Cointreau, acknowledged the challenging nature of the first half of the year but emphasized that it marks the beginning of a new era for the company. He expressed confidence in a return to growth in the second half of the year despite the difficult environment. Marilly stated: "This first half of the year was challenging, but it also marks the start of a new era for Rémy Cointreau. Despite a persistently tough environment, we remain confident in our ability to return to growth in the second half."

Marilly outlined five key initiatives to drive performance and agility: adjusting the organization, reallocating commercial resources, redefining brand identity, refining the value-driven strategy, and reevaluating the investment model to focus on the company's top priorities.

Looking ahead, the company anticipates a recovery in the second half, expecting organic sales growth to range from stable to low single digits. However, due to the tough trading conditions, Rémy Cointreau forecasts an organic decline in current operating profit, estimated to fall between low double digits and mid-teens.

Marilly added: "In the coming months, our efforts will centre on shaping and deploying our transformation plan, while immediately activating the value-creation levers that are already within our reach. This includes building on innovations aligned with evolving consumer expectations and enhancing our pricing agility, all while staying true to our value-driven strategy."