Remy Cointreau sales rise; backs outlook

Remy Cointreau SA (RCO.FR) said Friday that fiscal first-quarter sales rose despite unfavorable currency effects.

The French spirits company said first-quarter organic sales rose 5.9% to 241.5 million euros ($280.8 million). Reported sales grew 0.5%, the company said.

Sales in the House of Remy Martin grew 11% on an organic basis, the company said.

Remy Cointreau confirmed its outlook for fiscal 2019.

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