Remy Cointreau : Guidance slashed for sales, underlying operating profit LfL, consensus may adjust FY 2023-24 estimates by almost 15%
>Very severe adjustment to targets, curbing risk dramatically - Recommendation maintained at Outperform, with the target price maintained at € 129. A profit warning had been expected for several weeks and consensus had been adjusted accordingly. However, the adjustment to FY 24 targets is much more severe than expected and should lead to an adjustment to EPS expectations of around -15% on initial analysis. As a result, a negative reaction from the stock is to be expec...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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