Remy Cointreau : Guidance for H1 underlying operating profit raised thanks to a more favourable mix
>An upward adjustment to guidance which should be warmly received despite the high valuation - The publication of Q2 sales and the upward revision to guidance for underlying operating profit (l-f-l) for H1 should be welcomed even though the stock outperformed over one month (+5% vs Diageo and Pernod Ricard at +2.5%) and more broadly over three months. In the context of the hyper-polarisation of valuations in the Food Beverage HPC sector, Rémy Cointreau is still i...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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