Bryan Garnier - Remy Cointreau SA (RCOP.PA) RÃ‰MY COINTREAU: LS surprising positively | BUY - TOP PICKS | EUR126(+6%)

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Bryan Garnier

Virginie Roumage

RÃ‰MY COINTREAU: L&S surprising positively | BUY - TOP PICKS | EUR126(+6%)

RÃ‰MY COINTREAU - BUY - TOP PICKS | EUR126(+6%)
L&S surprising positively

Groupâ€™s Q4 sales up 7% in organic terms
Cognac: impacted by the timing of CNY
Liqueurs & Spirits: accelerating
Partner Brands: end of distribution contracts less negative in Q4
No change to estimates before the conference call at 9am CET

24/04/2019 3 EN

Underlying

Remy Cointreau SA

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Provider

Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Analysts

Virginie Roumage

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Bryan Garnier

RÉMY COINTREAU | NEUTRAL | EUR210 VS. EUR205 Short term upside into Q1 sales

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RÉMY COINTREAU: Confidence of the management for the current year | NEUTRAL | EUR205

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RÉMY COINTREAU NEUTRAL | EUR197 FY sales in line with expectations. Strong growth in FY EBIT not quantified at this stage

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RÃ‰MY COINTREAU: L&S surprising positively | BUY - TOP PICKS | EUR126(+6%)

RÉMY COINTREAU | NEUTRAL | EUR210 VS. EUR205 Short term upside into Q1 sales

RÉMY COINTREAU: Confidence of the management for the current year | NEUTRAL | EUR205

RÉMY COINTREAU NEUTRAL | EUR197 FY sales in line with expectations. Strong growth in FY EBIT not quantified at this stage

Fastned: H1 results, GM recovery, roll-out acceleration expected in H2

Avantium: financing package update

Valneva : Strong H1 - Key Lyme vaccine catalyst ahead in Q4

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