Global drinks manufacturer Rémy Cointreau reported a weak performance in the first half of the 25/26 financial year, with sales decreasing by 4.2%, to around £430.8m.

Sales declined by 11% on an organic basis, which was the result of a challenging economic environment, according to the company.

The drinks manufacturer saw its sales in Europe, the Middle East and Africa decrease by 9.2%, which was a result of high promotional pressures and low overall consumption.

Rémy Cointreau saw its cognac division and liqueurs and spirits division sales decrease by 13.5% and 5.3%, respectively.

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In a statement, the company said: “In the Americas, sales decreased after a particularly strong first quarter.

“The division’s two key brands, Cointreau and The Botanist, delivered a solid performance over the first half, helped by resilient depletions, successful recent campaigns, and the launch of the first ready-to-serve Cointreau Citrus Spritz.”

The statement continued: “In the EMEA region, trends were more mixed: Metaxa and Mount Gay enjoyed robust momentum over the summer, while Cointreau continued to gain market share in a shrinking market.

“Lastly, the APAC region reported strong sales growth driven by excellent momentum in China and the rest of Asia, particularly for Bruichladdich.”

Moving forward, the business lowered its full-year guidance, with organic sales growth now predicted to be between flat year-over-year and low single digits.