Bryan Garnier - Remy Cointreau SA (RCOP.PA) RÃ‰MY COINTREAU: Worse than expected | NEUTRAL | EUR119(+4%)

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Bryan Garnier

Virginie Roumage

RÃ‰MY COINTREAU: Worse than expected | NEUTRAL | EUR119(+4%)

RÃ‰MY COINTREAU - NEUTRAL | EUR119(+4%)
Worse than expected

Sales decelerating sharply in Q3
Broad-based weakness in Cognac
Not better from Liqueurs & Spirits and Partner Brands
Guidance held off

24/01/2020 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: Worse than expected | NEUTRAL | EUR119(+4%)

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

Median Technologies: EUR23.5m capital raise extends runway into Q4 2026

Ceconomy: walking down the aisle with JD.com and a €4.6 offer

Planisware: wait-and-see environment triggers profit warning

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