French wines and spirits maker Remy Cointreau has reported revenue growth of 10 per cent in the 12 months to the end of March. The company added that a 21 per cent surge in the final quarter indicated that the company has ridden out the slowdown on lower duty- free sales seen at the end of 2001.
Revenue for the 12-month period rose to €1.02 billion from €925.6 million in the same period a year earlier, broadly in line with market forecasts. Revenue from duty-free sales dipped late in 2001 with a reduction in air travel in the wake of the September 11 terrorist attacks in the US.