Rémy Cointreau lowers tariff hit estimates after US-EU trade deal
By Benjamin Chiou
Date: Friday 29 Aug 2025
(Sharecast News) - Rémy Cointreau has revised the estimated impact of US tariffs on business, cutting the estimated negative hit on profits by €15m, following the trade deal reached between the US and EU.
After the US and EU agreed a 15% tariff rate from 1 August, down from the initially proposed 30%, the French spirits group now estimates that the net overall impact of tariffs on current operating profit will be €30m, compared with €45m previously.
That comprises a €10m negative impact in China (unchanged from previous estimates) and a €20m impact in the US (down from €35m initially).
Rémy Cointreau now expects a mid-single-digit organic decline in current operating profit over 2025-26, compared with an early prediction of a mid-to-high-single-digit decrease.
These estimates include any actions to mitigate the negative effect of higher tariffs, as well as increased investments in China and the US.
"The United States and China are strategic markets for Rémy Cointreau, where the group has benefited for many decades from a strong local presence and solid brand desirability," the company said.
:Confident in their long-term potential, Rémy Cointreau intends to continue making targeted and ambitious investments in both markets to support the rebound in demand and lay the foundations for a sustainable and profitable growth trajectory."
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