Remy Cointreau : Set for double-digit decline in FY 2024-25 revenues
>Outperform rating maintained with target price adjusted to € 85 vs € 90 previously - We maintain our Outperform rating, with a target price adjusted to € 85 vs € 90 previously. The group is the best positioned to benefit from the recovery in the spirits markets which is set to be driven by the US and/or China. At this valuation level (18x P/E NTM), the stock could in this event see renewed investor interest. In the meantime, investors will have to be patient as growt...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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