Remy Cointreau : Current operating profit up +104% in H1 2021! Guidance raised which requires details
>A much stronger increase in current operating profit than expected - After publishing its H1 2021 sales (+52% l-f-l), Rémy Cointreau published this morning much stronger results than expected with growth of 104.5% l-f-l in current operating profit (at € 212.9m on a reported basis at € 217.2m l-f-l). Like the consensus, we expected an increase of +63% and +66% respectively after the positive surprise from sales in H1.The robust growth of +830bp in the current und...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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