Remy Cointreau beats Q2 sales forecasts, shares slip as recovery doubts linger

Oct 28 (Reuters) - French spirits group Remy Cointreau posted a 4.2% rise in organic second-quarter sales on Wednesday, beating forecasts as cognac shipments to China accelerated ahead of the Mid-Autumn Festival, but its shares fell 5% as investors took a cautious view of the recovery.

The group is seeking to rebuild growth after a prolonged downturn caused by US distributor destocking and weak demand in China. 

• Second-quarter organic sales rose 4.2% to €280.1 million ($311.47 million), ahead of a 3.6% average forecast in a company-compiled consensus

• Cognac organic sales rose 12.4% to €189.9 million, beating analysts' expectations of €186.4 million

• The group confirmed its full-year guidance

• Remy now expects a tariff impact of about €5 million on current operating profit, versus around €20 million previously, and a positive currency effect of around €15 million on sales, versus a previous expectation of a €15 million hit

• Analysts at TP ICAP Midcap said the group's recovery is already reflected in the share price, arguing the risk-reward profile has become less attractive after the stock's recent rally

($1 = 0.8993 euros)

(Reporting by Hugo Lhomedet and Etienne Breban in Gdansk, editing by Matt Scuffham)