Remy Cointreau : Q1 2020-21 sales should beat the guidance but that will not come as a surprise
>Q1 2020-21 sales: we are forecasting a weaker organic contraction than the guidance - Rémy Cointreau is due to report its Q1 2020-21 sales (April-June 2020) on 21 July. We are forecasting Q1 sales of € 132.5m at group level, -40% on an organic basis (-40.6% reported). For own brands, we are forecasting Q1 2020-21 sales of € 125.8m (vs € 124.3m for the consensus), -41.3% on an organic basis (consensus: -42.8%). This organic contraction is weaker than that indicated by...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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