Rémy Cointreau has posted mixed first half results, with an organic sales growth of 2.9 per cent to approximately £427m.

Sales in the Americas region experienced a 5.5 per cent decrease due to a destocking in the area and a change in distribution in the United States.

During the second quarter, organic sales increased by 12.4 per cent within the cognac division to approximately £283m.

There was a standout performance in China ahead of the mid-Autumn festival while Cognac sales in the Europe, Middle East and Africa (EMEA) region.

The company’s sales in the liqueurs & spirits segment declined by 7.4 per cent to around £142m in the second quarter, which was negatively impacted by distribution in the US.

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The business’ partner brands reduced by 76.7 per cent organically in the second quarter, which was due to a pause in distribution in the Benelux countries from April onwards.

Moving forward, the company Rémy Cointreau forecasted a return to sustainable organic sales growth with momentum expected to build over the upcoming year.

Additionally, the business forecasted a full-year currency effect of an approximately £12.5m increase in sales compared to the previously forecasted £12.5m decrease.

Rémy raised its outlook and expects a full-year operating profit of between £2.5m to £4.2m compared to a loss in the range of £4.2m and £6.7m.

Additionally, the business now expects tariffs to have an overall impact of around £4.2m on current operating profit compared to £16.7m before.