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BRIEF-Remy Cointreau says China performance can improve further over 3-5 years
October 17, 2017 / 8:07 AM / a month ago

BRIEF-Remy Cointreau says China performance can improve further over 3-5 years

Oct 17 (Reuters) - Remy Cointreau Chief Financial Officer Luca Marotti:

* Says on conference call that the negative foreign exchange impact on net group results, when modelled on a yearly basis, will be around 7 to 8 million euros ($9.42 million)

* Says China can improve performance over the next three to five years, though not necessarily “in a straight line”

* Says aiming in the medium term to increase annual advertising spend at a higher pace than sales growth Further company coverage: ($1 = 0.8497 euros) (Reporting by paris.newsroom@thomsonreuters.com)

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