Remy Cointreau : A fine-tuned strategy for margin improvement targets that are the stuff of dreams
>Recap on earnings reported yesterday morning - Rémy Cointreau yesterday reported underlying EBIT of € 215.1m (-22% on an organic basis), having reported (at the end of April) sales of € 1,025m (-11.2% on an organic basis). The operating margin stood at 21% (-290bp on an organic basis), penalised by the rise in marketing spending and opex (distribution and holding costs), whilst the gross margin rose by 280bp on an organic basis. Note, however, that the improvement in...Remy Cointreau is an operator in the global wines and spirits market. Co. produces, markets and distributes Cognac, Liquors and Spirits and other non-group brand alcoholic beverages. Co.'s primary cognac brand is Remy Martin, produced from Petite Champagne and Grande Champagne eaux-de-vie. Co.'s principal liquor and spirits include the following brands: Cointreau, Passoa, Metaxa, St Remy, and Mount Gay. Co. also operates a distribution network that handles products from partners and third-party companies. Major non-group products distributed by Co. include Scotch Whiskies (Edrington brand), Champagne (Piper-Heidsieck and Charles Heidsieck brands) and Vodka.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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