Oddo BHF - Remy Cointreau SA (RCO) RÃ©my Cointreau : Les ventes T1 devraient battre la guidance mais ce ne sera pas une surprise

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Oddo BHF

Fatma Agnès Hamdani

RÃ©my Cointreau : Les ventes T1 devraient battre la guidance mais ce ne sera pas une surprise

>CA T1Â : nous attendons une baisse organique moins forte que la guidance - RÃ©my Cointreau publiera son CA T1 FY20-21 (avril-juin 2020) le 21 juillet prochain. Nous prÃ©voyons un CA T1 de 132.5 Mâ‚¬ au niveau groupe, -40% en organique (-40.6% en publiÃ©). Pour les marques propres, nous prÃ©voyons un CA T1 de 125.8 Mâ‚¬ (vs 124.3 Mâ‚¬ pour le consensus), -41.3% en organique (consÂ : -42.8%). Cette baisse organique est plus faible que celle indiquÃ©e par le groupe dÃ©but juin (-45%)...

07/07/2020 5 FR

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.

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FR0000130395 Euronext Paris France

Provider

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.

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Analysts

Fatma Agnès Hamdani

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RÃ©my Cointreau : Les ventes T1 devraient battre la guidance mais ce ne sera pas une surprise

Rémy Cointreau : Chiffre d’affaires annuel 2023-24 : -19,2% en organique

ODDO : Olympic Games and Euro 2024: a limited economic impact but an opportunity nonetheless for several sectors – six stocks to favour ahead of the events

ODDO : Jeux Olympiques et Euro 2024 : un impact économique limité mais une opportunité sur de nombreux secteurs – 6 valeurs à privilégier en amont

Tenaris : Robust Q1 2024, decline to come

Wendel : Q1 NAV: € 178.1/share, +11% YTD, driven by BVI, and a little by unlisted holdings

ams OSRAM : Q1 2024 results in line, Q2 guidance below expectations, improving FCF trend

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