Report
Fatma Agnès Hamdani

Rémy Cointreau : CA T1 2019/20 proche des attentes en recul de 3% en organique. Guidance annuelle maintenue avec plus de précisions fin novembre

>Une baisse organique de 3% vs -2.5% pour le consensus - Rémy Cointreau a publié un CA T1 stable à 223.2 M€ proche des attentes du consensus (225.1 M€). L'évolution organique de -3% est un peu plus faible qu’attendu en raison du recul du CA des Liqueurs et Spiritueux à -2.6% en lfl vs +1.9% estimé par le consensus. La division pâtit des changements de distributeurs en Europe (Espagne et Allemagne) cela devrait continuer à peser sur le CA Europe sur le reste de l’année...
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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