Report
Fatma Agnès Hamdani

Remy Cointreau : H1 sales ahead of expectations

>First half bodes well for the rest of the year - Very strong top-line growth in H1 (7.7% in organic terms) should see the group maintain a robust a pace of growth in 2018-19 as it did in 2017-18 (+7.2% in organic terms), despite last year being an exceptional vintage historically. Q3 is set to benefit from a low base, though it will be affected by New Year’s day falling 11 days earlier in 2019. Given these conditions and the strong price component in growth, the grou...
Underlying
Remy Cointreau SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fatma Agnès Hamdani

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