Brief: Remy CFO: Our guidance assumes return of Chinese duty free sales later in the year
25/07/2025 08:50
July 25 (Reuters) - Remy Cointreau SA RCOP.PA: REMY COINTREAU CFO LUCA MAROTTA: WE EXPECT SALES TO DECLINE IN Q2, BEFORE A REBOUND IN Q3 AND Q4 REMY CFO: THE ECONOMIC CONTEXT IS STILL VERY COMPLEX IN CHINA REMY CFO: U.S. DEPLETIONS ARE NOT WHERE WE EXPECTED, MAKING US CAUTIOUS REMY CFO: WE HAVE ALREADY TAKEN MITIGATION MEASURES FOR CHINESE DUTIES, INCLUDING PRICE INCREASES REMY CFO: THESE MEASURES HAVE MITIGATED SOME 70% OF THE IMPACT OF NEW MINIMUM PRICES REMY CFO: THE SITUATION ON CHINESE DUTY FREE ACCESS SEEMS TO BE IMPROVING REMY CFO: OUR GUIDANCE ASSUMES RETURN OF CHINESE DUTY FREE SALES LATER IN THE YEAR Source text: [ID:] Further company coverage: RCOP.PA (Reporting by Emma Rumney) ((Emma.Rumney@thomsonreuters.com;))