Rémy Cointreau : Pas d’amélioration séquentielle au T1 24/25e : quelles implications pour le groupe à moyen terme ?
>Nous maintenons notre opinion à Surperformance avec un OC abaissé à 105 € vs 125 € auparavant - Le contexte ne s’améliore pas au T1 24/25e pour le groupe. Le momentum aux USA et en Chine (plus de 60% du CA groupe) peine à se redresser et nous pousse à ajuster nos estimations de BPA de -11% sur l’exercice FY 24/25e. Nous ajustons donc notre TP à 105 € vs 125 €.Le glissement du css devrait donc se prolonger. Mais eu égard au niveau d’incertitudes en Chine et aux U...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.