Report
Fatma Agnès Hamdani

Remy Cointreau : Stabilisation in cognac growth as of Q4

>Reduce recommendation due to tight restrictions on supply and the risk of a slowdown in demand - The major cognac operators have published double-digit performances, notably in Asia, a pace which we think will be difficult to sustain in the short and medium term for three main reasons: 1/ Cognac supply is limited due to the maximum utilisation of the vineyards (recent extensions will take eight years to produce cognac), the marked increase in demand over the past fou...
Underlying
Remy Cointreau SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fatma Agnès Hamdani

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