Remy Cointreau : FY 2019-20 results better than expected. The new CEO’s financial targets are ambitious but set for 2030
>Smaller fall in EBIT than the group’s guidance suggested - Rémy Cointreau this morning reported underlying operating profit of € 215.1m, down 22% organic (-18.6% reported), which is higher than the guidance given by the group at the publication of its full-year sales at the end of April (i.e. -25% organic) and 3% higher than consensus forecasts (€ 209.2m). Recall that at the end of April the group reported sales of € 1,025m, down 11.2% organic (-9% reported). Fo...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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