Bryan Garnier - Remy Cointreau SA (RCOP.PA) RÃ‰MY COINTREAU: Uncertainties piling up | NEUTRAL | EUR109 vs. EUR119 (+10%)

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Bryan Garnier

Virginie Roumage

RÃ‰MY COINTREAU: Uncertainties piling up | NEUTRAL | EUR109 vs. EUR119 (+10%)

RÃ‰MY COINTREAU - NEUTRAL | EUR109 vs. EUR119 (+10%)
Uncertainties piling up

Full-year organic sales now expected to be down 6%
No new guidance provided for the 2019/20 EBIT
An unclear speech on mid-term guidance

27/01/2020 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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RÃ‰MY COINTREAU: Uncertainties piling up | NEUTRAL | EUR109 vs. EUR119 (+10%)

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

H&M: modest signs of improvement

Emerging consolidator in Germany’s optical retail sector

Avantium: multi-year capacity reservation with Royal Hordijk

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