Remy Cointreau : Q4 sales: China and travel retail down… but they are not the only ones
>We are forecasting a 24% drop in own brands’ sales on an organic basis - Rémy Cointreau is due to report its Q4 2019-20 (January-March 2020) sales on 29 April before the market open. We are forecasting sales of € 208.6m at group level, of which € 199.9m for own brands. Our sales estimate for own brands is in line with consensus expectations (€ 201.2m).For own brands, we are forecasting an organic decline of 24.2% in Q4 (in line with the consensus), including -26...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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