Annual profits have fallen for French spirits company Remy Cointreau, the company reported on Thursday.
Fiscal year net profit group share was €78.7 million ($91.6 million), down 35.1% from the prior year.
Earnings per share (EPS) - group share - were €1.51, down 36% over the same period.
Current operating profit was €165.4 million, down 11.5% on an organic basis.
EPS group share excluding non-recurring items was €1.71 compared to €2.49.
Fiscal year sales were €935.3 million compared to €984.6 million the previous year. Sales were up 0.2% on an organic basis.
The board of Remy Cointreau will recommend the shareholders approve an ordinary dividend of €0.75 per share. The dividend will consist of a €0.50 cash payment and a further €0.25 payable either in cash or in shares.
In 2026-27, the company expects a return to sustainable organic sales growth, with momentum expected to strengthen progressively over the year. The group expects a slight organic improvement in current operating margin.
Remy Cointreau shares are trading at €41.22, up 9.92%.
