|Bid||141.95 x 20000|
|Ask||142.15 x 20000|
|Day's Range||141.10 - 141.10|
|52 Week Range||137.10 - 196.10|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||24.20|
|Forward Dividend & Yield||1.85 (1.33%)|
|Ex-Dividend Date||Jul 27, 2022|
|1y Target Est||N/A|
French spirits group Remy Cointreau beat forecasts with record annual operating profits on Thursday, and reiterated its pledge to overcome a tough start to its new financial year, particularly in the United States. Chief Executive Eric Vallat told analysts he was confident about a second-half rebound as the company was well placed to benefit from trends such as "premiumisation, consumers drinking less but better, and at home mixology (cocktail making)". The maker of Remy Martin cognac and Cointreau liquor reiterated a forecast for flat organic sales in the 2023/24 financial year, with steady profitability, reflecting weaker U.S. demand and high year-ago comparables.
PARIS, June 01, 2023--Regulatory News: Rémy Cointreau (Paris:RCO) reported consolidated sales of €1,548.5 million in 2022-23, up +10.1% on an organic basis (and +43.6% compared to full-year 2019-20). This strong showing reflects steep gains from in Price-Mix (+10.1%), in line with the Group’s value-based strategy, and steady volumes.
PARIS (Reuters) -French spirits group Remy Cointreau predicted flat organic sales in financial year 2023-2024, reflecting weak U.S. demand, disappointing investors who drove its shares down as much as 8%. A recovery would follow in the second half, driven by a sharp bounce in the United States, starting in the third quarter, the company said in a statement. During the COVID pandemic, Remy Cointreau and rivals such as Pernod Ricard benefited from people drinking more expensive types of alcohol at home.
PARIS, April 28, 2023--Regulatory News: Rémy Cointreau (Paris:RCO) reported 2022-23 sales of €1,548.5 million, up +10.1% on an organic basis (and +43.6% compared to full-year 2019-20). This strong showing reflects steep gains from an improved price mix (+10.1%) and steady sales volumes. Sales rose +17.9% on a reported basis, including a +7.8% gain from the currency effect. In the fourth quarter, sales rose +10.2% on an organic basis and +7.4% as reported, including a negative currency impact of
PARIS, April 06, 2023--Regulatory News: Rémy Cointreau (Paris:RCO):
(Reuters) -Remy Cointreau said on Friday it expected U.S. demand for cognac to weaken well into 2023, after the French spirits maker posted lower third-quarter sales as positive effects from the coronavirus pandemic fizzled out. This echoed comments from the world's largest spirits maker Diageo on Thursday that robust demand for its drinks as people made pricey cocktails at home may be slowing in some parts of the world, particularly North America. Sales of the Remy Martin cognac division fell 11% in the quarter against a tough 2021 comparison as high U.S. consumption seen during lockdowns eased, leaving stores with fuller inventories.
PARIS, January 27, 2023--Regulatory News: Rémy Cointreau (Paris:RCO) generated consolidated sales of €1,304.7 million in the first nine months of 2022-2023, up +10.1% on an organic basis (+50.3% compared to 2019-2020). Sales rose 20.2% on a reported basis, including a robust 10.1% gain from the currency effect. Given the normalization of cognac consumption in the United States and a high basis for comparison on the heels of two years of exceptionally strong growth, third-quarter sales fell back
By Scott Kanowsky
PARIS, January 12, 2023--Regulatory News: At its meeting on January 12, 2023, the Board of Directors of Rémy Cointreau (Paris:RCO) has, pursuant to authorization from the combined general meeting dated July 21, 2022, decided to reduce the share capital of the Company by cancelling 1,000,000 treasury shares (1.93 % of the share capital), as announced in the press release dated December 21, 2022, relating to the end of its share buyback programme.
PARIS, January 09, 2023--Regulatory News: Rémy Cointreau (Paris:RCO) announces the termination of the liquidity contract signed on April 1st, 2015, with KEPLER CHEUVREUX. The termination has taken effect January 6, 2023, after market close.
PARIS, January 04, 2023--Regulatory News: Pursuant to the liquidity mandate granted by Rémy Cointreau (Paris:RCO) to Kepler Cheuvreux, the following assets appeared on the liquidity account as of December 31, 2022:
PARIS, December 21, 2022--Regulatory News: Rémy Cointreau’s (Paris:RCO) share buyback programme, which started on September 8, 2022 (cf. press release of September 7, 2022), was fully completed on December 19, 2022.
PARIS, December 12, 2022--Regulatory News: The glass bottle is infinitely reusable. Based on this premise, the Rémy Cointreau Group (Paris:RCO) has been working for several years now on its "One Bottle for Eternity" project, which aims to increase the circularity of the Group’s bottles and thus significantly reduce the emissions associated with glass production.
PARIS, November 24, 2022--Regulatory News: Rémy Cointreau (Paris:RCO) announces that its interim financial report for the six-month period ended September 30, 2022 is publicly available and accessible online (link).
European stocks opened nearly flat on Thursday after minutes from the Federal Reserve's November meeting signalled a slowdown in its pace of interest rate hikes, with investors looking for fresh cues from the European Central Bank. The pan-European STOXX 600 index slipped 0.03% by 0808 GMT, with volumes likely thinned by a U.S. market holiday for Thanksgiving. Wall Street ended with solid gains on Wednesday after the U.S. central bank's meeting minutes showed a "substantial majority" of policymakers agreed it would "likely soon be appropriate" to slow the pace of interest rate hikes.
PARIS (Reuters) -Shares in Remy Cointreau fell as much as 4% on Thursday after the French spirits maker said it was "cautiously optimistic" about the Chinese market where COVID-19 continues to trigger lockdowns. The maker of Remy Martin cognac and Cointreau liqueur posted a stronger-than-expected 27% jump in first-half operating profit but stuck with its guidance for a slower second half as consumption trends return to more normal levels. CEO Eric Vallat said he was "cautiously optimistic" about business prospects in China ahead of the Chinese New Year as on-again, off-again lockdowns clouded the outlook.
PARIS, November 24, 2022--Regulatory News: Rémy Cointreau (Paris:RCO) generated consolidated sales of €867.1 million in the first half of 2022-2023, up 21.1% on an organic basis1 (+54.6% compared to 2019-2020). This performance reflects a steep 11.4% rise due to price mix, in line with the Group’s strategic focus on value, and 9.7% growth in volume. Current Operating Profit came in at €319.3 million, representing a 27.2% organic rise and 50.0% growth on a reported basis. This was more than doubl
PARIS, October 27, 2022--Regulatory News: On August 22, 2022, Rémy Cointreau (Paris:RCO) announced its first international employee share ownership plan, "My Rémy Cointreau".
PARIS (Reuters) -Shares in Remy Cointreau slid more than 6% on Tuesday after the premium drinks maker indicated sales and profit growth would slow in the second half as consumption trends return to normal after two "outstanding" years. The group's cautious outlook overshadowed a better-than-expected 16.2% rise in second quarter sales, boosted by a recovery in demand for its top cognac brands in China during the Mid-Autumn festival late last month. The maker of Remy Martin cognac and Cointreau liquor reiterated that for the full year 2022/23 it expected another year of strong organic sales growth and improving operating margins, helped by strict costs control and price increases to mitigate inflationary pressures.
PARIS, October 25, 2022--Rémy Cointreau (Paris:RCO) recorded sales of €867.1 million in the first half of 2022-23, an organic1 rise of +21.1% (including +16.2% in the second quarter) that came on top of an exceptionally high basis for comparison following (+52.0% increase in H1 2021-22). This performance includes a robust +11.4% increase due to the price-mix effect, in line with the Group’s value-driven strategy, and a +9.7% rise in sales volume. Reported data puts sales up by +34.4%, including
Known for its prized Louis XIII cognac, Remy Cointreau is entering the luxury fragrance market with the launch of Maison Psyche, an upscale perfume house that will sell scents starting at 5,500 euros a bottle. The French spirits group will draw on its experience in blending and ageing spirits, as well as marketing to high end clientele, as it seeks to tap into affluent consumers' thirst for exclusivity. The new business could be “potentially strategic,” Remy Cointreau chief executive Eric Vallat told Reuters.
PARIS, September 29, 2022--Regulatory News: The Shareholders’ Meeting of Rémy Cointreau (Paris:RCO), held on July 21, 2022 in Paris, has approved the payment of an exceptional dividend of €1.00 per share, related to the 2021-22 fiscal year, for which it decided to give each shareholder the option of receiving payment in cash or in shares.
PARIS, September 07, 2022--Regulatory News: In accordance with resolutions 18 and 19 approved by the Shareholders’ Meeting on July 21, 20221, the Board of Directors of Rémy Cointreau (Paris:RCO) decided to authorize the Group’s Chief Executive Officer to implement a share buyback program.
PARIS, August 22, 2022--Regulatory News: Following the successful 2021 launch of its employee share ownership plan in France, Rémy Cointreau (Paris:RCO) announces its first capital increase for international staff.