Remy Cointreau : Q1 2024-25 revenues at -15.6% in organic terms: ongoing downward trend in H2 2023-24
>Outperform rating maintained with unchanged target price of € 105 - We are maintaining our Outperform rating, with an unchanged target price of € 105. We think that the consensus is still too optimistic for FY 2024-25e, particularly in terms of EPS (we are 10% below the consensus on this front).The group’s Q1 2024-25e results confirm the downward trend seen in H2 2023-24. Nothing unexpected at this stage. We still expect momentum to remain unfavourable for the g...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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