Remy Cointreau Reduces FY Organic Current Operating Profit Decline Outlook

July 25 (Reuters) - Remy Cointreau SA RCOP.PA:

• Q1 SALES EUR 220.8 MILLION, +5.7% Y/Y ORGANICALLY (CONSENSUS COMPILED BY COMPANY: EUR 213.9 MILLION; +2.3%)

• Q1 COGNAC SALES EUR 131.3 MILLION, +1.3% Y/Y ORGANICALLY (CONSENSUS: EUR 130.7 MILLION; +0.5%)

• CUTS MAXIMUM EXPECTED TOTAL NET IMPACT OF POTENTIAL CHINA, US TARIFFS TO 45 MILLION EUROS (PREV. EUR 65 MILLION)

• FOLLOWING REDUCED TARIFFS IMPACT ESTIMATIONS, HAS OPTED TO REALLOCATE PART OF ITS INVESTMENTS, PARTICULARLY IN CHINA

• REDUCES FY ORGANIC CURRENT OPERATING PROFIT DECLINE OUTLOOK TO MID-TO-HIGH-SINGLE-DIGITS (PREV: MID-TO-HIGH-TEENS)

• ORGANIC SALES GROWTH FY OUTLOOK CONFIRMED

• SEES RETURN TO ORGANIC GROWTH IN H2

• SEES NEGATIVE FOREX IMPACT OF EUR 50-60 MILLION ON FY SALES