Remy Cointreau : Q1 2019-20 sales close to expectations with organic growth of -3%. Full-year guidance maintained with further clarifications in November
>Organic growth of -3% vs -2.5% for the consensus - Rémy Cointreau has reported stable Q1 sales of € 223.2m, close to the consensus expectations (€ 225.1m). Organic growth of -3% is slightly weaker than expected due to the decline in sales of liqueurs and spirits at -2.6% l-f-l vs +1.9% estimated by the consensus. The division is penalised by changes in distributors in Europe (Spain and Germany) this should continue to weigh on sales in Europe over the rest of the ye...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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