Remy Cointreau : H1 earnings in line, acceleration in H2 confirmed
>Faster growth in H2 already anticipated - H1 2018/19 results were in line with consensus expectations and management confirmed the organic operating profit growth of +13.5% expected by the consensus. This acceleration in operating profit growth in H2 already looks to be priced in by the market in our view.The improved full-year forex guidance is good news (+€ 7m relative to the previous target, i.e. +3% for operating profit), but it is partly offset by the dete...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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