Remy Cointreau : Q2 2024-25 sales anticipated at -11.3% l-f-l: no improvement in prospect
>Outperform maintained and target price lowered to € 90 vs € 95 - We maintain our Outperform recommendation on the stock. In order to play the recovery in the spirits market, whether coming from the US or China, it is likely that investors will favour groups like Diageo and Rémy Cointreau, being the most exposed to these two markets vs Campari and Pernod Ricard. However, the timing of this recovery is still to be determined which, in the short term, should continue to...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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