Remy Cointreau : Q3 2019-20 sales: disappointing organic growth in group brands
>Q3 sales much lower than expected - Rémy Cointreau this morning reported sales for the first nine months of FY 2019-20 of € 814m. This points to Q3 sales of € 290.2m, -6.5% below the consensus forecast (€ 310.4m est.). Organic growth in Q3 was -11.3%. Adjusted for the impact of the voluntary reduction in the distribution of partner brands, organic growth (of the group’s own brands therefore) came to -7.2% in Q3, well below what the consensus had forecast (-1.7%), a s...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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