Remy Cointreau : Q4 sales higher than expected but the first indications for Q1 and Q2 are not very encouraging
>22.3% organic decline in own brands in Q4 - Rémy Cointreau this morning reported Q4 2019-20 (January-March) sales of € 210.8m, down 24% relative to Q4 2018-19 and slightly above the consensus (€ 208m). Q4 sales include a positive currency effect of 1.4%, due in particular to the appreciation of the dollar against the euro.For own brands, Q4 sales reached € 205.9m, a fall of 20.8% y-o-y reported and an organic decline of 22.3% y-o-y. Own brand sales were 2.3% hig...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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