Remy Cointreau : An update on FY20 and Q1 FY21 which illustrates the severity of the COVID-19 crisis
>Organic decline in sales estimated at 26% in Q4 and 12% in FY20... - Yesterday evening Rémy Cointreau released an update on its forecasts for FY20 results (which should be published in two phases on 29 April and 4 June) and sales for Q1 2021 (April to June 2020). These estimates highlight the severity of the impact of the current health crisis, which was not fully priced in by the market in our view (cf. our sector flash of 25 March). With regards to sales, the ...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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