Europe Movers: Remy Cointreau, Voestalpine

Inga Muller
04 Jun, 2025
Frankfurt

Remy Cointreau SA traded up 0.2% to €46.92 despite the French spirits company reporting lower revenue and profit for the full year.

Sales declined to €948.6 million from €1.19 billion, net profit edged down to €121.2 million from €184.8 million, and earnings per share fell to €2.36 from €3.64 a year ago.

The company estimated financial year 2026 sales to increase by a mid-single-digit percentage, compared to €1.19 billion a year ago, driven primarily by a strong technical rebound in sales to the U.S. starting in the fiscal first quarter.

Excluding any increase in customs duties in China and the U.S., the company expects organic growth in current operating profit in the high single-digit to low double-digit range, compared to €304.4 million a year earlier.

Given the continued lack of macroeconomic visibility and geopolitical uncertainties, the company has withdrawn its objectives for financial year 2030 originally issued in June 2020.

Voestalpine AG gained 3.6% to €23.50 after the Austria-based steel and technology group reported higher full-year earnings.

Revenue declined to €15.74 billion from €16.68 billion, attributable profit after tax increased to €153.5 million from €100.8 million, and diluted earnings per share rose to 90 cents from 59 cents a year ago.

“Tariffs are expected to have a negative impact on Voestalpine’s earnings in the mid-double-digit million-euro range over the course of the 2025/26 business year,” the company said in a release to investors.

China continues to uphold its stated strategic growth target of 5%; however, if trade with the U.S. cools in response to reciprocal tariffs, achieving this target may become more difficult, the company added in the statement.

Meanwhile, demand in the automotive industry is anticipated to remain stable at its current level, while demand in the areas of construction, mechanical engineering, and consumer goods has the potential to recover toward the end of the financial year.

Voestalpine has estimated operating earnings in the current fiscal year to range between €1.40 billion and €1.55 billion, compared to €1.35 billion a year earlier.