Remy Cointreau : Confidence on the rebound in sales but caution on the conversion to EBIT
>Recap on Q1 2020 sales published yesterday - Rémy Cointreau yesterday published Q1 2020-21 (April-June 2020) sales reflecting an organic contraction of 33.2% (-32.7% reported). This decline is the result of the combination of a sharp drop in consumption in a number of markets (mainly due to the closure of on-trade networks and the collapse of air traffic) and destocking effects.The group’s cognac (Rémy Martin) division reported Q1 sales of € 98.7m, reflecting a...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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