Remy Cointreau : H1 2023-24 results: the worst is now over
>Outperform rating maintained with an unchanged target price of € 129 - We maintain our Outperform rating on Rémy Cointreau and leave our target price unchanged. After being the first to be adversely affected by the normalisation of consumption and overstocking in the US, the group should see its operating performances improve in H2 2023-24e. This sequential improvement and the return of the US cognac market to normalised growth rates should support the share’s re-rat...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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