Report
Fatma Agnès Hamdani

Remy Cointreau : Q1 2020-21 sales well above forecasts and guidance for H1 raised

>Organic decline in Q1 sales far more limited than expected - This morning, Rémy Cointreau published Q1 2020-21 sales (April-June 2020) of € 150.1m, down 33.2% on an organic basis (-32.8% reported), well above the consensus (€ 128.7m). For the group’s own brands, Q1 sales were € 144.8m, down 33.5% organic (the consensus forecast -42.8%) and -33.1% reported. Group brands Q1 sales were 16.5% higher than forecast by the consensus. We think that this outperformance w...
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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